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PrashantBhiwaniwala

Bank Nifty Spot - 25.06.2021

Long
Nifty Bank Index (NSE:BANKNIFTY)  
PrashantBhiwaniwala  
NSE:BANKNIFTY   Nifty Bank Index
Trend Analysis Chart Patterns Technical Indicators
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trendanalysis chartpattern indicator
Bank Nifty Spot - 25.06.2021

The index has made a high of 35491 during the week ended 25.06.2021

there is an Inverse Head & Shoulder Formation in hourly chart

neckline @ 35300

low @ 33908

support @ 34800

one initiate a long position on retest of prices @ 34800 levels

head & shoulder formation is confirmed when the prices retest the neckline level and then performs according to the H & S formation so formed on the charts

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