I can see a clear Neck & shoulder Pattern in Making.
all international Markets are down and now on their Support Area.
Mostly all international Market should bounce back from here.
Nifty 50 once touches 22800 and if takes a support from here it should then proceed toward 23800 to complete H&S pattern.
There is a resistance @ 23800. If market break that resistance then 23800 should act as a Support and Market should Advance for 24800 levels.
"Otherwise"
if Market Crashes below 22800 and doesn't take support here next major support will be 22000 but this is less likely.
Hope for the best!
all international Markets are down and now on their Support Area.
Mostly all international Market should bounce back from here.
Nifty 50 once touches 22800 and if takes a support from here it should then proceed toward 23800 to complete H&S pattern.
There is a resistance @ 23800. If market break that resistance then 23800 should act as a Support and Market should Advance for 24800 levels.
"Otherwise"
if Market Crashes below 22800 and doesn't take support here next major support will be 22000 but this is less likely.
Hope for the best!
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Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.