start of a bigger correction
NMDC CMP 212.35
Fibs - the rally could not go beyond the 50% of the swing is weakness. Break below 208 will bring fresh selling. It will also break the neckline below it.
H&S - with all the other things present we also have this reversal pattern. The tgt according to it is 120.
Conclusion - stocks dont fall in a straight line so we will keep watching the fibs for the rallies.
Fibs - the rally could not go beyond the 50% of the swing is weakness. Break below 208 will bring fresh selling. It will also break the neckline below it.
H&S - with all the other things present we also have this reversal pattern. The tgt according to it is 120.
Conclusion - stocks dont fall in a straight line so we will keep watching the fibs for the rallies.
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