Nifty has made a double top in weekly TF which can be seen clearly. The neckline of this double top is 16200-16400. We should keep this pattern in back of our minds while trading for next few weeks.
If tensions escalate in geo-political situation then in upcoming weeks we can see a break of this neckline and a potential Tgt of this double top will be 14500.
Trade cautiously and always use SL.
Happy Trading :)
Disc: Chart posted only for learning purpose.
If tensions escalate in geo-political situation then in upcoming weeks we can see a break of this neckline and a potential Tgt of this double top will be 14500.
Trade cautiously and always use SL.
Happy Trading :)
Disc: Chart posted only for learning purpose.