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Nifty Bank Index
Short
Updated

Short $BANKNIFTY CMP ₹37105.65

68
Short BANKNIFTY CMP ₹37105.65. BANKNIFTY resistance around ₹37500 area. It appears to be forming head and shoulder pattern. Right now formed top of left shoulder. Further downside could take the price to ₹35500 area to complete the pattern which is at 200 SMA. Head and shoulder short target ₹32400
Trade active
Trade still active. Target 1 done already. It bounced off the drawn support level. Head and shoulder pattern target still in play.
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BANKNIFTYbankniftytradesetupbankniftytrendhead_and_shoulderHead and ShouldersSupport and ResistanceTrend Analysis

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BANKNIFTYbankniftytradesetupbankniftytrendhead_and_shoulderHead and ShouldersSupport and ResistanceTrend Analysis
QuickTradePro
Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.