Thursday 7 February 2013

Bank Nifty probable move

Bank Nifty

Daily chart 


Hourly Chart 



This not a trading call but just one of the probable trade setup which I can think of in Bank nifty (wild wish it comes true).  I think there is bearish HNS pattern formation going on. Attached is hourly chart for reference which shows   Right shoulder and Head … now we need to watch carefully formation of right shoulder ….  I will update once i see this pattern is going to fail... 




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