inverse head and shoulder pattern and long above 142 levels
We see a strong support level at 149 levels which coincides with 200 day moving average just below it at 142.
149 level also coincides with 61.8% fibbonaci level where we see strong support at 146 levels an this level acted as resistance last year June.
If it holds these levels than there is a good change that it could bounce back these levels else it could break down and slide downwards towards 115 levels i.e is if the markets crack and if the sector is weak.
149 level also coincides with 61.8% fibbonaci level where we see strong support at 146 levels an this level acted as resistance last year June.
If it holds these levels than there is a good change that it could bounce back these levels else it could break down and slide downwards towards 115 levels i.e is if the markets crack and if the sector is weak.
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