Bank Nifty Trading Strategy for 21th July'2020

#banknifty

Cypher pattern:- Bearish formation seen on #banknifty

Focus on PRZ - Price Reversal Zone (22,650 - 22,750)

Nifty P/E stands at 28.86, bubble expanding, be cautious.

Head & Shoulder formation in progress in a 1-hour chart, any bubble break will happen below 21,000 might see a target of 18,895.

I won't change my view based on dow or vaccine news, I will post what I see on the chart.

Trade what you see, not what you feel, enjoy trading.