NIFTY 50 TECHNICAL CHART.......
LET ME SHOW YOU ONE IMPORTANT FORMATION OF HEAD AND SHOULDERS PATTERN IN CURRENT TECHNICAL CHART BELOW..
MARKET IS SEEM TO BE TREMBLING DOWN TO THE LEVEL OF 5545 HOLDING CRUCIAL SUPPORT LEVELS... I HAVE DRAWN TREND LINES TO SHOW YOU THE CLEAR EXPECTED FORMATION OF THE HEAD AND SHOULDER PATTERN.
EXAMPLE..
NOW THIS THE EOD CHART WITH SUPPORT AND RESISTANCE LEVEL AND HEAD AND SHOULDER PATTERN TOO..
MAJOR LEVEL RESISTANCE 1 = 5685
CRUCIAL LEVEL SUPPORT 1 = 5575
MAJOR LEVEL SUPPORT 2 = 5445
IT IS SEEN NSE EXCHANGE WILL TAKE ITS LEVEL DOWN TO MAJOR LEVEL SUPPORT 2 = 5545.
TRADER BE CAUTIOUS .... INVESTORS BE ALERT..
IMPORTANT TIP FOR NIFTY CHARTS... BUY NIFTY OPTIONS WITH IN FIRST WEEK OF DECEMBER PUT OPTION OF 5500...
ENJOY THE BLAST..
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ReplyDeleteCRUDEOIL (20 JAN) TREND: CONSOLIDATE
RES 1: 6240
RES 2: 6290
SUPP 1: 6150
SUPP 2: 6120
STRATEGY: SELL ON HIGH
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