Nifty 50 Analysis Based on Price Action
Head and Shoulder pattern noticed in Nifty in Daily Time Frame
Head and Shoulder is a trend Reversal Pattern
Neck Line of the H&S Already Broken
If the immediate Support of 17600 Breaks we might see a further correction up to 17200
55 EMA is showing Weak Signals
But if it takes support so we can see a small pullback in the upside and consolidation for few Weeks
Upside Resistance Levels are at 17900
Head and Shoulder is a trend Reversal Pattern
Neck Line of the H&S Already Broken
If the immediate Support of 17600 Breaks we might see a further correction up to 17200
55 EMA is showing Weak Signals
But if it takes support so we can see a small pullback in the upside and consolidation for few Weeks
Upside Resistance Levels are at 17900
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