BANKNIFTY--Inverse Head and Shoulders Pattern??

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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...

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

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multiple rejections from trendline...

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

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

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If no continuation will go for short...

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

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

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today mostly volatile....

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

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

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exit guys....

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don't go for short side immediately...

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

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

IIT-Trader

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