Head and Shoulder pattern noticed in Nifty in Daily Time Frame
Head and Shoulder is a trend Reversal Pattern
Neck Line of the H&S Already Broken
If the immediate Support of 17600 Breaks we might see a further correction up to 17200
55 EMA is showing Weak Signals
But if it takes support so we can see a small pullback in the upside and consolidation for few Weeks
Upside Resistance Levels are at 17900
Head and Shoulder is a trend Reversal Pattern
Neck Line of the H&S Already Broken
If the immediate Support of 17600 Breaks we might see a further correction up to 17200
55 EMA is showing Weak Signals
But if it takes support so we can see a small pullback in the upside and consolidation for few Weeks
Upside Resistance Levels are at 17900
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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.
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.