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imshrinathshetty
Feb 1, 2019 12:18 PM

Nifty50 - Unable to break 11000 Levels Short

NSE:NIFTY1D
Nifty 50 IndexNSE

Description

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Another attempt to break 11k failed with a strong price rejection. The weekly chart has an incomplete Head and Shoulder formation which if gets completed takes the price to 10k.
Trend Analysis
Comments
PatilsMoneytree
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it will break and min we are going to see 11080
PatilsMoneytree
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imshrinathshetty
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@PatilsMoneytree, Hitting 11080 doesn't matter. It needs a follow-up buying or else it falls back in the channel giving a faker.
PatilsMoneytree
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@imshrinathshetty, you are true hitting 11080 doesn't matter, but we need a price confirmation to look for a down move too
PatilsMoneytree
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@PatilsMoneytree,
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