Chart of the week. Nasdaq.

Nasdaq has given a clear break down of head and shoulder trend reversal pattern on its daily chart. The chart is extremally weak and we can witness more correction in IT stocks. The SL should be followed on daily closing basis.

CMP - 14,180 (28/10/23)
T - 13800, 12600
SL - 14550 D
Head and ShouldersTechnical IndicatorsTrend Analysis

Penafian