As u can see in the chart bank nifty is creating head and shoulder pattern ...bank nifty going upside to create right shoulder If bank nifty successfully crosses Left shoulder high then...this Head and shoulder pattern will be invalidated If bank nifty faces resistance at left shoulder high then... price will reverse and breaks head & shoulder neckline ... target will be end of arrow marked Thank u
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Price is facing supply at head of pattern... as i expected price will decline frm shoulder completion bt with gapups... it didnt worked well lets see how head works