Exact REVERSAL from our zone

31 oct 2023

As we can see despite strong opening of NIFTY, it failed to sustain itself above the zone and fell unidirectionally as it was the neckline of the head and shoulders pattern which we analysed in our previous post. We also expected it to break if tested but it fell without taking any time, hence in coming trading sessions if NIFTY regains 19200 levels and consolidates around that levels, we may expect a strong up move in coming trading sessions so plan your trades accordingly.