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Novicetrader2015

BANK NIFTY - Inverted Head & Shoulders ?

Long
Nifty Bank Index (NSE:BANKNIFTY)  
Novicetrader2015  
NSE:BANKNIFTY   Nifty Bank Index
Support and Resistance Trend Lines bnfanalysis invertedheadandshoulders
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supportandresistance trendline bnfanalysis invertedheadandshoulders
Bank Nifty has broken resistance TL which can act as strong support now (2 different dotted paths show the possible scenario for BNF).
It failed to close above first resistance zone on Friday (35350-35400) which should be breached on Monday

35250 and 35000 will act as support now

P.S. This view gets negated if BNF goes below 34950.
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