Head and Shoulder in Sensex
Took support at Trend Line 4 times, If it breaks trendline a big correction upto 68k can come.
Near 68k level we have
a. H&S Target
b. 50% retracemet from Russia Ukraine war bottom
c. Weely unfilled gap
Near 68k level we have
a. H&S Target
b. 50% retracemet from Russia Ukraine war bottom
c. Weely unfilled gap
Trade active
As expetced sensex falls aprox 5k point.
Broke H&S neckline and taken rejetion at TrendLine.
Now Last week low is crucial support, till now speed of corretion is very slow, once last week low is broken decisively, fall can pick speed.
Support Level Pending:
75137
73417
71798
70094
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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.