Nifty Bank IndexShort
BN - CLOSE BELOW THE DOJI LOW
BN IS FOLLOWING H&S PATTERN ALONG :
1. THE INCLINED TREND LINE AND
2. WITH A NEXT LINE AT 28,666.
FRIDAY CLOSE IS BELOW THE PREVIOUS DAY DOJI. THE CLOUD IS ALSO THIN HERE.
IF THE TREND LINE IS BROKEN, THEN NEXT LEVEL IS 30,185.
IF THE CONDITIONS ARE NOT FAVORABLE DURING THAT TIME, FINAL TARGET WILL BE 28,666.
UP SIDE WILL BE 32300, AS THE DAY DID NOT SIGNAL ANY SELL. AND, THE H&S FORMATION IS NOT YET DONE.
1. THE INCLINED TREND LINE AND
2. WITH A NEXT LINE AT 28,666.
FRIDAY CLOSE IS BELOW THE PREVIOUS DAY DOJI. THE CLOUD IS ALSO THIN HERE.
IF THE TREND LINE IS BROKEN, THEN NEXT LEVEL IS 30,185.
IF THE CONDITIONS ARE NOT FAVORABLE DURING THAT TIME, FINAL TARGET WILL BE 28,666.
UP SIDE WILL BE 32300, AS THE DAY DID NOT SIGNAL ANY SELL. AND, THE H&S FORMATION IS NOT YET DONE.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.