Bank Nifty formed a 'Head and shoulders' inside a rising wedge
There is a 'Head and Shoulders pattern visible in Bank Nifty in confluence (which joins) with the lower trend line of a rising wedge.
All the major banking stocks either went sideways or showed bearishness on June 1st 2021 too.
Hence below 35420, Bank Nifty might be bearish.
PS: I am not a SEBI registered advisor. Enter or exit in trades after reaching out to your advisors or at your own risk.
All the major banking stocks either went sideways or showed bearishness on June 1st 2021 too.
Hence below 35420, Bank Nifty might be bearish.
PS: I am not a SEBI registered advisor. Enter or exit in trades after reaching out to your advisors or at your own risk.
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