Nifty Bank IndexMis à jour BankNifty : A bearish H&S shoulder pattern's confirmation
Banknifty will confirm it's breakdown of H&S pattern by not closing above 47200.
If unable to close strongly above it. Then a very bearish rally start then it may fall again upto 44000.
If it closes above 48300 then a fast and furious rally upto 50200 level may reach in no time.
If unable to close strongly above it. Then a very bearish rally start then it may fall again upto 44000.
If it closes above 48300 then a fast and furious rally upto 50200 level may reach in no time.
Transaction en cours
For educational purposeA head and shoulders pattern has four components:
After long bullish trends, the price rises to a peak and subsequently declines to form a trough.
The price rises again to form a second high substantially above the initial peak and declines again.
The price rises a third time, but only to the first peak level, before declining again.
The neckline, drawn at the two troughs or peaks (inverse)
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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.