mister_singh_0110

BNF Preparing for a DOWNTREND?

Short
NSE:BANKNIFTY   NIFTY BANK
AS you can see in the figure BNF has made an ascending Head& Shoulder pattern in Hourly Chart and is facing major resistance around 30000-29000 area.

If BNF goes below the trendline and stays there ,further downmove is expected, suggest to square off ,all your long positions here.
Rest Markets will decide :)