loukikhajare16

head and shoulder pattern

Short
NSE:BANKNIFTY   NIFTY BANK
if bank nifty takes support at 22457 it may form head and shoulder pattern. can short position with target 1 @ 20941 and target 2 @ 19975
Comment: Hdfc bank which is major contributer for bank nifty has shown profit making . Tomorrow it may open higher and might shot up for more than 4%. It might even break resistance of 22457.
Trade closed: stop reached: bank nifty has felt resistance of 22516 and gone down and never tested again thou it was taking support at 23000 even that has been broken in last 1/2 an hour. if tommorow we MAY see selling.