NIFTY has been recovering the bullish momentum and made a fresh high of 22526.6 on 11Mar24. It failed to keep higher low and closed below 21860.65. It seems to be making a Head and Shoulder pattern. I'm watching levels 22289 and 22231 for potential reversals.
Order cancelled
Price didnt reverse from the area as expected. Price seems to be taking support from All Time High. Most likely to continue the bullish rally.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.