Head and Shoulder formation on Bank Nifty - Short Short

Nifty Bank IndexNSE

Description

⋅ Jan 3, 2017 3:54 AM

Head and Shoulder formation on Bank Nifty and showing bearish sign.

Levels for short:
Level to break - 17850
Level 1 - 17715
Level 2 - 17650

Trade active

⋅ Jan 3, 2017 3:56 AM

Trade active

⋅ Jan 4, 2017 9:26 AM

2nd time forming H & S... will it break this time ?

Order cancelled

⋅ Jan 6, 2017 4:02 AM

Comments

GaneshPaudel

⋅ Jan 3, 2017 10:05 AM

any changes in your view... ??

raj3elite

⋅ Jan 3, 2017 12:35 PM

@GaneshPaudel, i am on neutral bro... let see..

sudhakar.bng93

⋅ Jan 3, 2017 2:20 PM

@raj3elite, Hello Raj
How long is the 60 minutes chart valid? Any comments based on your experience? just intraday or till the next day (intraday+1day)?

thanks Sudhakar

raj3elite

⋅ Jan 3, 2017 4:53 PM

@sudhakar.bng93, its not only for intraday... price still below the trendline.. Still there is no strong bullish signal on my chart. considered as neutral.