Bank Nifty – Head & Shoulder Alert

Hi,

The Nifty and Bank Nifty are back to their trending ways and the uptrend seems to stay intact however the Bank Nifty Future charts have a different picture which is showing a clear trendline test of the more than obvious Head & Shoulders pattern. I have seen when the pattern looks to obvious it is bound to fail however this should be on the back of our minds.

Generally if the test fails there should be a greater rally.

BankNifty5

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