Real Time Application Date - 29th May / 30th May 2023
Head & Shoulder has unfolded on 29th / 30th May 2023 for Bank Nifty Index & Neckline is already broken to downside & we are waiting for break below 44250 -which is another key support
The information provided in this update is for educational purposes only and should not be considered...
Head and Shoulders Pattern
A head and shoulders pattern is a chart formation that appears as a baseline with three peaks, where the outside two are close in height and the middle is highest. In technical analysis, a head and shoulders pattern describes a specific chart formation that predicts a bullish-to-bearish trend reversal.
Disclosure : I am not SEBI...
Last @ 31280 / 14:24 Hrs / 30th Dec2020
Short Term - Bank Nifty can have Head & Shoulder (H&S) Pattern close to 31300 levels or 31300-31350 - if price halts or stops then Right Shoulder gets confirmed
Selling Only Below 31300 levels. Target 1- 31000 Target 2- 30500
Sell Only Below 31000 ( Strictly Below 31000) As...