It is been observed on the Daily Chart that the price action forming an inverse bullish Head-N-Shoulder pattern indicating a bullish move ahead. It shall perform well once the price action breaks above 500 levels to confirm a breakout of the pattern trendline .
Target: 520
Stoploss: 474
*Kindly note that the trade shall be active once the price action breaks above the 500 levels.
Regards
交易开始
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评论
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Waiting for price action to break and close above 500 levels for further confirmation to initiate the trade. Regards
Hi Neetesh, target should be equivalent to length from head to neckline which is approx 75 points, isn't?
so target should be around 575?
NeeteshJain
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@Akshay.lakhina, Yes, it shall move further up as per the measurement of the neckline to head. I believe it shall reach to 550 levels. Regards
theeye
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Neeteshji, Axis gap filling 520 target looks perfect which will take bank nifty to new high as it's smartly operated. I think that will be the point of bank nifty reversal.....watching the game.
so target should be around 575?