NMDC CMP 68.84
Pattern - I had posted this H&S pattern some time back. This retest of the neckline from below is the second opportunity to sell.
Fibs- along with trendline resistance we also have resistance from the Fibs. the same are marked in the red. the retracement is just 38.2% from a lower zone which means weakness.
Conclusion - Apart from the pattern other methods are also confirming weakness. Hence i will suggest not to make any fresh entry.
Pattern - I had posted this H&S pattern some time back. This retest of the neckline from below is the second opportunity to sell.
Fibs- along with trendline resistance we also have resistance from the Fibs. the same are marked in the red. the retracement is just 38.2% from a lower zone which means weakness.
Conclusion - Apart from the pattern other methods are also confirming weakness. Hence i will suggest not to make any fresh entry.
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.
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.