Looks like head and shoulder formation in process
Two possibilities -
1. H&S failure - BNS moved past 27447(right shoulder), so if it stays above 27500(last friday's high and trendline as well) it can target 27447+300=27750 appx.
2. H&S target - If move past 27250 can target 27250-300=26950. Short can be initiated after break of 27350(last few hour support) and break of trend line 27380 appx.
Two possibilities -
1. H&S failure - BNS moved past 27447(right shoulder), so if it stays above 27500(last friday's high and trendline as well) it can target 27447+300=27750 appx.
2. H&S target - If move past 27250 can target 27250-300=26950. Short can be initiated after break of 27350(last few hour support) and break of trend line 27380 appx.
No comments:
Post a Comment