BANKNIFTY--Inverse Head and Shoulders Pattern??

If tomorrow price unable to breaks 43200 levels...results in a formation of Head, so tomorrow momentum is important for us to go bullish or bearish in Bank nifty
so wait for the price to comes back to the neckline and gives us some pullback to Right shoulder then will go for long again in Bank nifty ….until keep in watch mode...
bottom side we have a bullish gap left at 42900 levels. If opens down we have a chance of rise from that levels...

הערה:

wait for long side..it might be trap on long...

הערה:

multiple rejections from trendline...

הערה:

It created one more trendline...if again want to go long wait for the break of trendline and retest...

הערה:

Broken strongly...it has to continue...if its bullish...

הערה:

If no continuation will go for short...

הערה:

Keep safe...strong moves may happens...

הערה:

don't carry any positions ...both sides possible...

הערה:

today mostly volatile....

הערה:

liquidity lies on bothsides....above 43650 and below 43500...so be safe...

הערה:

topside indicating 2 targets 4360and 43740 zones...as trading in channel.

הערה:

exit guys....

הערה:

don't go for short side immediately...

הערה:

Now price is near to neckline....which is strong...if that pushes the price, then will look for buy at Right shoulder...

הערה:

There is a chance of fall back up to 43100 levels....if right shoulder fails to push the price upside....