As we can see the strong opening ruined the head and shoulders structure and couldn’t continue its uptrend and fell unidirectionally and later continuing sideways. Now we can expect NIFTY to again test the neckline before finally breaking out for unidirectional move so plan your trades accordingly and keep watching
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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.