Nifty Bank IndexLong
Head and shoulder formation and flag pattern in 15 minutes
Hello All,
Please refer my related previous ideas below where I’ve been keep telling the important level 41200 and today also marker closed very near to it.
So we can see the clear head and shoulder formation which might break downside can give good amount of points till 40200.
We have another beautiful flag pattern that might break on upper side if that’s the case first target would be 41570.
We were waiting for the FED meeting outcome entire day where few expected 100 bps increase but it’s increases as usual 75 bps and the same pattern dropping large points downside just before the announcement and reversing from there since it’s expected one.
Having said that let’s wait for any side breakout and enter with proper SL.
Always trade carefully because it’s your hard earned money.
Please note this is just my observation only and consult with your financial advisor before taking any trade.
Please refer my related previous ideas below where I’ve been keep telling the important level 41200 and today also marker closed very near to it.
So we can see the clear head and shoulder formation which might break downside can give good amount of points till 40200.
We have another beautiful flag pattern that might break on upper side if that’s the case first target would be 41570.
We were waiting for the FED meeting outcome entire day where few expected 100 bps increase but it’s increases as usual 75 bps and the same pattern dropping large points downside just before the announcement and reversing from there since it’s expected one.
Having said that let’s wait for any side breakout and enter with proper SL.
Always trade carefully because it’s your hard earned money.
Please note this is just my observation only and consult with your financial advisor before taking any trade.
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.