NIFTY--Inverse H&S Pattern
Updated
I am sharing the important levels of Support and Resistance. These levels play a crucial role in trading decisions, as they act as reliable markers of price movements.
------>>Support levels are price points where an asset tends to find buying interest, preventing it from falling further.
---->Resistance levels, on the other hand, are points where selling pressure typically prevents the asset from rising higher.
They serve as key reference points for technical analysis
------>>Support levels are price points where an asset tends to find buying interest, preventing it from falling further.
---->Resistance levels, on the other hand, are points where selling pressure typically prevents the asset from rising higher.
They serve as key reference points for technical analysis
Note
Opens exactly near neckline...neckline is strong...Look for buy at right shoulder or on break of neckline and retest...
Note
If price comes back to neckline and consolidation happens again bullish...until waitNote
No long ..chance of continuation careful
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