Bank Nifty Formed Head & Shoulder pattern on 5 min time frame on 17/02/2021. Bank nifty is on neckline, waiting for breakout ...
Bank nifty brock neck line of head & shoulder pattern, retested neck line & moving towards target of head and shoulder.
in my onion If bank nifty reach its head & shoulder target & move back in its original upward trend then it will be retest of flag pattern on Daily time frame.
Trade closed: target reached:
Head & shoulder pattern target achieved
Bank nifty down 1700 points from head and shoulder neckline
(actual target 530 points from neckline)