#BANKNIFTY ANALYSIS
Two pattern coincidences on daily chart :-
First one head & shoulder breakdown, but I will wait for one more day for confirmation. ( This will happen after retest confirmation at 44520-44500 level).
Second pattern Cup & Handle pattern which is yet to breakdown & retest again at 44200 level.
Both pattern above gives target of 42650 level.
But yes I will wait for confirmation which we will get on Monday by 2nd half mostly.
First one head & shoulder breakdown, but I will wait for one more day for confirmation. ( This will happen after retest confirmation at 44520-44500 level).
Second pattern Cup & Handle pattern which is yet to breakdown & retest again at 44200 level.
Both pattern above gives target of 42650 level.
But yes I will wait for confirmation which we will get on Monday by 2nd half mostly.
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.