Banknifty Index created a inverse Head and Shoulders pattern...
price broken the neckline strongly...and retested.
on topside clearly resistance is at 46200 and 46500-46550 levels...
keep in long side until price is above the neckline...
no short side until price breaks the below ...after breaks below the neckline will think of short side for liquidity grab below support levels.
If price gives an elimination move below 45500 levels...
look for long side...up to the resistance levels.
price broken the neckline strongly...and retested.
on topside clearly resistance is at 46200 and 46500-46550 levels...
keep in long side until price is above the neckline...
no short side until price breaks the below ...after breaks below the neckline will think of short side for liquidity grab below support levels.
If price gives an elimination move below 45500 levels...
look for long side...up to the resistance levels.
Nota
it is approching the level...wait price may completely bearish as well.Nota
as long as price is above its bullish only.Nota
its time to thinkNota
It's time to think elimination or reversalNota
Break and continuation or break and fall back elimination and move upside...
keylevel is neckline
Nota
Breakout or breakdownNota
exit from long if price breaks 45970 levels.Operación cerrada: objetivo alcanzado
Its now at one more important zone of resistance...Nota
until Neckline breaks no short side viewNota
now price is at important zone of resistance....its time for reversal
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Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.