BANKNIFTY--Head Shoulders pattern??

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BANKNIFTY index is now taking the support form inverse right shoulder...
now we have a chance of head and shoulders pattern as well ...
keep safe before long....immediate resistance lies at 46200.
wait until price breaks the neckline and retest...then will go for shortside...

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Breaks above the right shoulder and sustain then only long continuation up to 47200 levels.

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Price is at important zone of support... Might strong reversal may happens... Keep safe here

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After bullish gap price gives us retracement....safe here

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price exactly at neckline and retest of trendline...

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enter long on break and retest...

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or wait for the neckline to break and retest and will enter short...

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If price breaks the right shoulder then we have chance of continuation to 46600 levels.

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Book profits From now enters in resistance Zone

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Noshortside... It may breaks 46400 levels

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This is the place again changes its direction

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price is now in demand zone....if price consolidation again on topside price will reach 46400 levels.

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enter long again in this zone.