NIFTY BROKE DOWN FROM [HEAD AND SHOULDER] PATTERN - (SELL)

17 de nov. de 2024

1. TECHNICAL INDICATORS - HEAD AND SHOULDER PATTERN :
   Nifty had broken down from a head and shoulder pattern on 22nd october with a large red candlestick confirmation
   
   MACD :
   MACD had shown proper bearish crossover on 1st october and macd line had stayed below signal line since then continuously confirming bearish momentum
   
   TARGET :
   till 23350 if the momentum continues
   
2. FUNDAMENTAL INDICATORS -
   concerns among investors regarding upcoming maharashtra elections is causing market sell-off as its a major economic state in india and could see policy shifts after new government comes in power which may affect sectors closely tied to government decisions
   

19 de nov. de 2024

Trade fechado: objetivo atingido

market had reached till 23350.40 which is 0.40 points above the target 23350 hence position should be closed now