- Nifty closed above its 50 day and 200 day moving average.
- A close above 5220 will give some strength to the inverted head and shoulders.
- The 61.8% retracement level of the fall from 5399 to 4786 comes around 5165 if there is not big gap down this area should give some support.
- The last chart shows nifty closing above an important trend line.
is it an inv cup and handle pattern??break of the lower trendline gives a tgt of 600 points in downside..is it right?
ReplyDelete@subbu84
ReplyDeleteI have to see it will update later