Head and Shoulder on Nifty Daily Chart. We are at the neckline of the pattern and also, the Nifty is now at 50 EMA.
Next week is going to very crucial.
Comment:
We have seen a strong break of the neck line of this H&S Pattern today.
One thing we need to notice is that Nifty took support at 17280 level, which was a strong level on the chart.
We might see the market making a indecision candle tomorrow. But once we break below that 17280 level, we might a strong downside move.
Next strong support zones are at 16700 and then at 16350.
Let me know if you made profits on the Index today.
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One thing we need to notice is that Nifty took support at 17280 level, which was a strong level on the chart.
We might see the market making a indecision candle tomorrow. But once we break below that 17280 level, we might a strong downside move.
Next strong support zones are at 16700 and then at 16350.
Let me know if you made profits on the Index today.