This is my first post for Indian Stocks, if you like the following then give feedback and I will do more.
So to the analysis. What I am seeing is price trying to retrace to that strong demand zone lower. Now it looks like we created an inverse head and shoulders after failing to retrace fully to demand (which is normal).
From todays perspective it appears as though we have bottomed temporarily and we could see a nice breakout long from this pattern.
Want to see more Indian Stocks/indexes?
Ninja
So to the analysis. What I am seeing is price trying to retrace to that strong demand zone lower. Now it looks like we created an inverse head and shoulders after failing to retrace fully to demand (which is normal).
From todays perspective it appears as though we have bottomed temporarily and we could see a nice breakout long from this pattern.
Want to see more Indian Stocks/indexes?
Ninja