Last 4 months Head & shoulders neckline and 18 months Rising trend line broken down today after moves below 5356. Although Indian markets were positive but showed weakness then it was immediately told within first 8 minutes when Nifty was trading near higher levels of today.
Nifty slipped below 5329 and forceful breaking down of last 34 sessions range therefore it means long bearish phase beginning.
Nifty slipped below 5329 and forceful breaking down of last 34 sessions range therefore it means long bearish phase beginning.