BN has broken down from the Head & Shoulder pattern on the Weekly chart.
It will be interesting to see whether the sell off sustains till Friday (end of this week)
If the weekly candle close if Bearish without any wick, then this can be taken as the start of Bearish trend on BN as this would mean that the Yearly Pivot for 2025 has been rejected.
February or March series Put positions can be built up for a target of 45,380.
It will be interesting to see whether the sell off sustains till Friday (end of this week)
If the weekly candle close if Bearish without any wick, then this can be taken as the start of Bearish trend on BN as this would mean that the Yearly Pivot for 2025 has been rejected.
February or March series Put positions can be built up for a target of 45,380.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.