Short

Head and Shoulder Formation on the daily chart of nifty

Nifty Daily chart is forming H&S pattern at the top. If the support of 24800 is broken on the closing basis then the next support level for nifty seems 24000 & 23500. RSI already showing weakness. Be cautious on taking long position in Nifty.

Note

Neckline borken for H&S pattern. next support 24000/23800.

ashokgolecha1710

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