aman_saha

Banknifty (Probabilty vs Possibility)

NSE:BANKNIFTY   Nifty Bank Index
After the formation of strong bearish engulfing pattern in daily chart, the market is taking a pause.

Case 1 -

We can see a inverse head and shoulder pattern formation and an ascending channel formation (in 5 min chart) at its right shoulder. If BNF crosses 29800 and sustains, it could retest 30000 level

Case 2 -

If a breakdown of the ascending channel formation (in 5 min chart) happens, we can expect BNF to come down up to 28950 level as that is the immediate support.


P.S. Please see 5 min chart, since trading view is not allowing me to post in 5 min time frame.

Cheers.

Отказ от ответственности

Все виды контента, которые вы можете увидеть на TradingView, не являются финансовыми, инвестиционными, торговыми или любыми другими рекомендациями. Мы не предоставляем советы по покупке и продаже активов. Подробнее — в Условиях использования TradingView.