Nifty : Is it a H&S
Nifty has formed H&S on daily chart. After the breakout , index has again come to touch Neckline. Daily close abv 11750 would negate the view. We had drawn 2 support lines as we were cluelesss that from which line index will take support. It has taken support from the steeper trend line. Let's see what happen in coming days.
11735 is BB mid line resistance.
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11735 is BB mid line resistance.
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