As we can see NIFTY trading at final resistance after a strong breakout of 23400 level and now is trading around 23800 levels which has acted as a strong supply zone previously hence we can expect signs of REJECTION around here but if any case it sustains above the given level then we can also see a possible formation of inverted head and shoulders pattern in bigger time frame hence any closing above 24000 levels could show another strong unidirectional rally which can also lead to new ATH so plan your trades accordingly and keep watching everyone.
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Disclaimer
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.