Nifty CMP - 14838
On 1 hrly it had formed a head and shoulder pattern. It gave a breakout above the neckline level of 14871. But it closed below that level. So it seems a false breakout. So Nifty can retrace to the lower red line. . But on 15 min time frame can see a falling wedge pattern. So lets see how nifty trades on 12.04.21
On 1 hrly it had formed a head and shoulder pattern. It gave a breakout above the neckline level of 14871. But it closed below that level. So it seems a false breakout. So Nifty can retrace to the lower red line. . But on 15 min time frame can see a falling wedge pattern. So lets see how nifty trades on 12.04.21