Nifty - NO HEAD & SHOULDERS

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🚨This is my outlook on #Nifty.

🎯No Head and Shoulders pattern for me.
🎯 We have just now reached the EMA21. That is routine, Nothing unusual.
🎯 We are at a support line now. Will it hold? Let's watch
🎯 24,000 is an ultimatum support which IMO should hold. But again time will tell.
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🎯The index is down just 7% from its ATH even after a 90,000 Cr withdrawal by FIIs this month.
🎯 A pullback is crucial for the price cycle
🎯 I will start getting a bit worried if we breach the 24000 mark with a strong candle.
⚠️ That's just my outlook. need not be yours.

Disclaimer: This analysis is for educational purposes only and should not be considered as financial advice. All investments carry risk, and it’s important to conduct your own research or consult with a certified financial advisor before making any investment decisions. I do not provide buy, sell, or hold recommendations. Past performance is not indicative of future results.
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This is why it is crucial to know your precise supports.
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precise bounceback...
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Trade attivo
Not all bounces are bullish. Nifty will turn bullish when we get a proper close above the recent breakdown zone. Until the, We expect something like this. What do you think?
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