NIFTY - Daily [Last Updated, 22nd April, 2016] :- Index has been unable to cross & hold Strong Resistance of 7970/- For now, Long Positions can be covered unless a Breakout above 8000/- & further its a Wait & Watch.
Considering Price Pattern since Dec, 2015 - Head & Shoulder Bottom, showing Completion of Left Shoulder [S], Double Bottomed Head with High Volume [H], and a developing Right Shoulder [S*] with Neckline @ 50% Fibonacci Retracement can be seen, which needs to be confirmed with Volume as the Chart moves on.
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Considering Price Pattern since Dec, 2015 - Head & Shoulder Bottom, showing Completion of Left Shoulder [S], Double Bottomed Head with High Volume [H], and a developing Right Shoulder [S*] with Neckline @ 50% Fibonacci Retracement can be seen, which needs to be confirmed with Volume as the Chart moves on.
For Live Discussion over Market & Technical Analysis in WHATSAPP, Send "Hello, invite me in Group", with your Full Name & City to +91-8904825900
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