BankNifty Levels for Firday 11th Aug

Aug 10, 2023

BankNifty formed a head and shoulder pattern on macro levels,if pattern breaks 2000 points downside opens for comming week.
(Play reversal at 44700 if you find any negative price aciton to downside)
For Friday Levels
44700 Above long
Targets 44800,44925,45000
44400 Below Short
Target 44250,44150,44050

Aug 11, 2023

Trade closed: target reached

Almost reached third target 44050(made low of 44120)

Aug 11, 2023

Note

Update on chart since it broke the head and shoulder neck line expecting this expiry near to 43000 levels measuing the head length comes to this level,And below daily time frame 50 EMA closed may test 43200 level where 200 EMA is there multiple confulences.

Aug 11, 2023

Note

Tripple top pattern on chart for reference in 5 mins time frame