BANKNIFTY--Head Shoulders pattern??

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...

تعليق:

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

تعليق:

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

تعليق:

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

تعليق:

price exactly at neckline and retest of trendline...

تعليق:

enter long on break and retest...

تعليق:

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

تعليق:

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

تعليق:

Book profits From now enters in resistance Zone

تعليق:

Noshortside... It may breaks 46400 levels

تعليق:

This is the place again changes its direction

تعليق:

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

تعليق:

تعليق:

enter long again in this zone.