Wealthcam

NIFTY showing signs of weakness now..?

NSE:NIFTY   Nifty 50 Index
As we can see after a strong rejection in previous trading session but today we saw nifty being sideways throughout the day and hence formed more like an inside candle making it look more like a head and shoulders pattern in smaller time frame showing weakness but the weakness will only be confirmed if the neckline of the supposed pattern is broken down and sustained below and hence 19300 which could be seen as the neckline of the supposed pattern hence wait for confirmation before making any position

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.