it is not a textbook head and shoulder but the formation is similar and looking like nifty has made a base for little while and might halt by this week or so ... just analysing it might even fail the only confirmation we can have is ... price need to break above dotted black as it is the one of main resistance line of fib speed resistance fan
Kommentar:
if nifty breaks 17300 then only it can be good sign of buying , nifty banks looks weak and might hold back nifty
Kommentar:
GAPPED up and trading above 17300 next resistance would 17400-17415 let see how price reacts to it
Kommentar:
as option buyer exited from yesterday's 17300 call on 150
waiting if nifty retrace or pull back at 17200 for entering again or no more trade for today
waiting if nifty retrace or pull back at 17200 for entering again or no more trade for today
