Sustaining 14980 - 15020 will make the price to move towards 15060, 15090, 15140, 15180 and 15220. Bearish below 14960 for the targets 14920, 14860, 14820 and 14760.
Mam, It looks Nifty might be making a Inverse Head and Shoulder with resistance line as Neckline. Do you think so? if yes, what will be the invalidation point and confirmation point?
vanathi
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@invest_shares, Yes it has formed inverse head & shoulder. Head has formed based on news rally. Break out dont have news for a big rally. So cant say much about invalidation point & confirmation point.
invest_shares
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@vanathi, Thanks for the response mam. Can we consider today's move as breakout?