Head_and_shoulder
Nifty Bank weekly Analysis Forming an Inverse Head and Shoulder Pattern on hourly chart.
Supply zone tested multiple times.
If it breaks the resistance zone with higher volume
then there are chances of uptrend in next week.
Target for next week:
1st target 35888
2nd target 36258
.
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This is my personal Opinion about NIFTY BANK .
Take it as educational purpose. I am not SEBI registered or any Stock market expert.
I am not responsible for PROFIT or LOSS.
Oricon Enterprises at fingertips🎯💢all studies & all level mentioned in the chart.💢
💢 Inverse Head and Shoulder pattern💢
buy @dips(22 range) or wait for a breakout (above 25)
strict sl below 20.5
reasons for this buy
✔After a long correction, we can see an inverted Head and Shoulder pattern in the chart.
✔breakout above the neckline of the inverted H&S
✔delivery data looks postive
✔price in a strong resistance & can see a take off zZzooon✨✨
monthly chart👇👇
this is not a stock recommendation.do your study guys🙏
thank you
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