Yes bank has formed head and shoulder pattern wherein the price is at the neckline.
At the same time price is at the top of the channel.
Levels of 42 are critical support levels as it is neckline as well as weekly support level.
if we get daily closing below these levels then price can go all the way to 29 levels.
So keep watch on the volumes / levels to trade forward this stock.
At the same time price is at the top of the channel.
Levels of 42 are critical support levels as it is neckline as well as weekly support level.
if we get daily closing below these levels then price can go all the way to 29 levels.
So keep watch on the volumes / levels to trade forward this stock.