BankNifty, Head and shoulder formation is in process. Short

Nifty Bank IndexNSE

Description

⋅ Dec 23, 2018 3:26 PM

Hey Guys,

BankNifty bounced back quite nicely after the fall in September, Now it is ready for the bigger(Global causes also suggesting that) fall which is going to lead it towards 20500 levels if it completes the Head and Shoulder pattern.

Comments

chandru81

⋅ Dec 28, 2018 4:19 AM

What do you see now?

aman12

⋅ Dec 28, 2018 5:33 AM

@chandru81, Still I don't see any change, it has to close above 27500 with the momentum.

chandru81

⋅ Dec 29, 2018 11:51 PM

@aman12, above 27500 is it a buy?

aman12

⋅ Dec 30, 2018 2:15 PM

@chandru81, If you are looking for a long-term perspective than you should wait, for the trading purpose it depends on the situation