NMDC CMP 68.84
Pattern - I had posted this H&S pattern some time back. This retest of the neckline from below is the second opportunity to sell.
Fibs- along with trendline resistance we also have resistance from the Fibs. the same are marked in the red. the retracement is just 38.2% from a lower zone which means weakness.
Conclusion - Apart from the pattern other methods are also confirming weakness. Hence i will suggest not to make any fresh entry.
Pattern - I had posted this H&S pattern some time back. This retest of the neckline from below is the second opportunity to sell.
Fibs- along with trendline resistance we also have resistance from the Fibs. the same are marked in the red. the retracement is just 38.2% from a lower zone which means weakness.
Conclusion - Apart from the pattern other methods are also confirming weakness. Hence i will suggest not to make any fresh entry.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.