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BANKNIFTY--Inverse Head & Shoulders??

Nifty Bank Index (NSE:BANKNIFTY)  
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NSE:BANKNIFTY   Nifty Bank Index
Trend Analysis Support and Resistance Supply and Demand BANKNIFTY bankniftytradesetup bankniftytrend bankniftyanalysis bankniftyview bankniftytrading
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trendanalysis supportandresistance supplyanddemand banknifty bankniftytradesetup bankniftytrend bankniftyanalysis bankniftyview bankniftytrading
Bank nifty index is showing strong bearish pressure after the liquidity grab above 47200.
price tested the demand zones on bottom side and now facing resistance at trendline.
we have a chance of inverse head and shoulder pattern, to test the ATH levels.
If consolidation happen above neckline will have a chance of testing the ATH is more.
Komen:
wait for the consolidation above the neckline...
Komen:
If price opens below the Head section, will think of short side.
snapshot
Komen:
Rally base rally is also possible
snapshot
Komen:
so wait for the price to consolidation above neckline.
Komen:
When price reaches to the 47200 levels, then think of short or upside
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Idea Berkaitan

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Penafian

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