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Nifty Bank Index
Long

Reverse Head & Shoulder formation in Banknifty

77
There is a formation of a downtrend channel, any side breaking will be a big move. If we closely observe there is a reverse head and shoulder formation. If BNF crosses 45055 then the next move will be 45350 and if breaks below 44700 then the next move will be 44500
Chethan333
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Chart PatternsTechnical IndicatorsTrend Analysis

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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.
Chart PatternsTechnical IndicatorsTrend Analysis
Chethan333
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.