Sellers welcomed todays day with pressure closed at support looks tomorrow may be sideways day or profit booking can be seen.
Still sellers looks more active may break support after profit booking.
Bank Nifty closed at support 47400 to 47300 if break buyers may try to enter or trap
Resistance at 47600 to 47700
#BANKNIFTY
Inverted h&S pattern visible and ready to explode from this levels too.
Simple and best structure visible targets are.
Neckline Breakout is needed 39500. entry above breakout level.
Targets can reach - 1) 41300 and 2) 43000
STOP LOSS Neckline 39500
Risk reward is very positive.
#long #banknifty @vivek_mashrani @TheBreakOut @Bullandbeartrading...
UBL share is near to breakout, stock is consolidating from 1st September between 1570-1600.
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Stock get rejected four times from the level of 1600.
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So if stock is giving the BREAKOUT you can make a position once it cross 1607.
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Our Target is 1640, once it cross 1640 we can see more upward momentum.
