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Ravitejasreevatsav

Bank Nifty is doing Head & shoulders pattern !

Short
Nifty Bank Index (NSE:BANKNIFTY)  
Ravitejasreevatsav  
NSE:BANKNIFTY   Nifty Bank Index
Head and Shoulders Multiple Time Frame Analysis Trend Lines BANKNIFTY bankniftytrend bankniftytradesetup bankniftyanalysis bankniftyintradaylevels bankniftyoptions bankniftylevels bankniftyview bankniftyshort
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headandshoulders mtfa trendline banknifty bankniftytrend bankniftytradesetup bankniftyanalysis bankniftyintradaylevels bankniftyoptions bankniftylevels bankniftyview bankniftyshort
If we observe in 1 Hour TF Bank Nifty is doing Head & shoulders pattern it seems, Yesterday Neckline Breakout happened and came for Retest if the Breakout candle low( i.e, 36237 levels) low is Break then we can expect the downtrend up to 35500 levels but not in a single day.

In the below link You can check my Yesterday BN analysis which is related to Today's analysis

*Always Enter With good confirmation & Maintain proper Risk Reward.

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Bank nifty Clear cut Analysis & Explanation (Uptrend/Downtrend)
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