Hello & welcome to this analysis on one of India leading Pvt banks
In the weekly time frame its forming a Bearish Head & Shoulder pattern suggesting below 1640 (neckline) for a possible downside till 1475.
At the current moment it faces resistance at 1725 and 1750.
Unless those levels are not broken on the upside it remains one of the weakest banks in the Bank Nifty index.
Regards
In the weekly time frame its forming a Bearish Head & Shoulder pattern suggesting below 1640 (neckline) for a possible downside till 1475.
At the current moment it faces resistance at 1725 and 1750.
Unless those levels are not broken on the upside it remains one of the weakest banks in the Bank Nifty index.
Regards
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Online courses on Harmonic Trading Patterns, Ichimoku & Trading Psychology Risk Management
t.co/3mGWp29Xkb
t.co/3mGWp29Xkb
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.