NIFTY: Formed a typical Head &Shoulders pattern with neckline support at 19200 and is a bearish pattern.
If NIFTY fails to hold on above 19200-250 on a closing basis,as per the H&S Pattern the next support and TGT lies at 18300.Market likely to witness ell on rise till it starts trading above 19500 levels.(For educational purpose only)
If NIFTY fails to hold on above 19200-250 on a closing basis,as per the H&S Pattern the next support and TGT lies at 18300.Market likely to witness ell on rise till it starts trading above 19500 levels.(For educational purpose only)
הערה:
AS projected sell on opening rise happened.NIFTY it seems moving towards its fresh 200DEMA falling at 18800 and if it does not hold might test 18500-600.pattern & set up looks weaker till it holds above 19300 levels(For educational purpose only)
הערה:
NIFTY -Still looks weaker nd bearish. resting on its 200 DEMA ,long bearish candle indicates it might slide towards 18500,(for educational purpose only)