Bank nifty index is showing strong bearish pressure after the liquidity grab above 47200.
price tested the demand zones on bottom side and now facing resistance at trendline.
we have a chance of inverse head and shoulder pattern, to test the ATH levels.
If consolidation happen above neckline will have a chance of testing the ATH is more.
price tested the demand zones on bottom side and now facing resistance at trendline.
we have a chance of inverse head and shoulder pattern, to test the ATH levels.
If consolidation happen above neckline will have a chance of testing the ATH is more.
Comment:
wait for the consolidation above the neckline...
Comment:
If price opens below the Head section, will think of short side.
Comment:
Rally base rally is also possible
Comment:
so wait for the price to consolidation above neckline.
Comment:
When price reaches to the 47200 levels, then think of short or upside
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