IIT-Trader

NIFTY--Inverse H&S Pattern

IIT-Trader Updated   
NSE:NIFTY   Nifty 50 Index
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
Comment:
Opens exactly near neckline...neckline is strong...
Look for buy at right shoulder or on break of neckline and retest...
Comment:
If price comes back to neckline and consolidation happens again bullish...until wait
Comment:
No long ..chance of continuation careful

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