Bank Nifty is at all time high and it has given head and shoulder pattern breakdown at 45100 support levels with huge price action and volume.
This is a trend reversal pattern so BN for short term seems bearish
Target: 44485.
SL: 45230
If 44485 is broken on day closing basis, we may witness further sharp fall towards next support level of 43450.
Note: US markets starting to show weakness, US fed interest rate hike and INR depreciating may add fuel to downfall.
This is a trend reversal pattern so BN for short term seems bearish
Target: 44485.
SL: 45230
If 44485 is broken on day closing basis, we may witness further sharp fall towards next support level of 43450.
Note: US markets starting to show weakness, US fed interest rate hike and INR depreciating may add fuel to downfall.