NIFTY PVT BANK INDEX BREAKOUTBuy Nifty PVT Bank Index At Cmp 23246
SL - 22750 ( Weekly Closing Basis )
Target - 25800
All Pvt Bank Stocks Buy
Head & Shoulder - Trend ReversalHii All...
Greetings....
Today I'm sharing with you Daily Charts of Nifty Pvt. Bank, we can see a very clear Head & Shoulder Pattern which has already Formed.
Head & Shoulder Pattern is Trend Reversal pattern.
I'm currently having bearish view in Nifty Pvt. banks.
However on closing basis if
NIFTY PVT bank spot cmp 21450Nifty pvt bank index have life time high around 21720, if index fails to sustain above 21720 levels and give daily close above that levels, than consideration of double top pattern around 21700 levels, from where reversal till levels of 20000 can be seen on initial basis,
2 consecutive close below
Time To Invest In PVT BANKS The chart is showing good uptrend on MTF
IF THE TREND continues we can Invest In Private Banks
NSE:NIFTYPVTBANK
Nifty Pvt Bank:Bow-Tie Diametric pattern nearing it's completion#Characteristics of Bow-Tie Diametric pattern
*It's a seven legged Elliot / Neo wave corrective pattern
*Wave A=G,B=F,C=E.wave D is connector.
*Wave B takes less time then wave A took to form,and can correct wave A by more then 61.8%.
#Reasons for not considering this entire swing as an impulse/tr
NIFTY PRIVATE BANK INDEXNIFTY PRIVATE BANK INDEX have paused at very important levels positionally.
break of current week low, can be very dangerous for the bulls, as private banks hold high weightage in the nifty index.
Price trading near Inflection PointWhen price break any well defined boundary below 200 Day Moving Average then high probability price continue the trend or if price hold the well defined boundary then upside no limit
Nifty Private bank form H&S pattern on monthly chart. Nifty Private bank form H&S pattern on monthly chart. Market will correct more from here.
short on Nifty pvt Bankif 18850 will break on downside then go short on banknifty for good downfall
can see in further days .
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