NIFTY50 - H&S PATTERN - WEEKLY CHART
Nifty broke its old November 2024 low - 23200. It seems to be making H&S pattern.
OI data is bearish. There is probability of market going down more. Now 23200-300 may act as Resistance.
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OI data is bearish. There is probability of market going down more. Now 23200-300 may act as Resistance.
If you like my analysis, please follow me as a token of appreciation :)
in.tradingview.com/u/SatpalS/
For learning and educational purposes only, not a trading advice. Pls consult your financial advisor before investing.
ملاحظة
Nifty is taking support at the Trendline, if it closes making a Hammer at weekly chart tomorrow then there will be probability of a bounce from here.
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