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BANKNIFTY Trade Setup For 07/08/2023

Long
NSE:BANKNIFTY   Nifty Bank Index
BANKNIFTY For Monday's trade setup, the BANKNIFTY is creating an Inverted Head and Shoulder pattern on demand zone. Despite the fact that the BANKNIFTY has been perfectly following the Bearish Trendline since 27/07/2023, a buying position is being prepared for execution on Monday due to Inverted Head and Shoulder pattern formation near the demand zone and also I had shared a formation of Morning Star Setup Near Demand Zone at 5 Min TF on 04/08/2023 but still inability to execute trade without retest. Enter the trade after retest above 45100

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