BANKNIFTY showing signs of BULLISHNESS in short term

1 Şub

As we can see BANKNIFTY has formed more like an inverted head and shoulders pattern in smaller time frame and BANKNIFTY has just REVERSED from it’s important DEMAND ZONE and hence it could be considered as further continuation of the uptrend hence any closing above the trendline could be a good buy but we must also be aware of the possible trap by creating liquidity sweep and continuing its fall so plan your trades accordingly.