Banknifty (Probabilty vs Possibility)
After the formation of strong bearish engulfing pattern in daily chart, the market is taking a pause.
Case 1 -
We can see a inverse head and shoulder pattern formation and an ascending channel formation (in 5 min chart) at its right shoulder. If BNF crosses 29800 and sustains, it could retest 30000 level
Case 2 -
If a breakdown of the ascending channel formation (in 5 min chart) happens, we can expect BNF to come down up to 28950 level as that is the immediate support.
P.S. Please see 5 min chart, since trading view is not allowing me to post in 5 min time frame.
Cheers.
Case 1 -
We can see a inverse head and shoulder pattern formation and an ascending channel formation (in 5 min chart) at its right shoulder. If BNF crosses 29800 and sustains, it could retest 30000 level
Case 2 -
If a breakdown of the ascending channel formation (in 5 min chart) happens, we can expect BNF to come down up to 28950 level as that is the immediate support.
P.S. Please see 5 min chart, since trading view is not allowing me to post in 5 min time frame.
Cheers.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.