CNXFINANCE AnalysisFIN NIFTY::
double bottom is observed.
consider trading in a channel...
we have a chance of inverse head and Shoulders pattern.
now trading at resistance zone.wait for the price to retracement to form right shoulder.
Look for buy at right shoulder..
if price breaks the neckline we have a resistance at 20800 levels.
If neckline acts as support will have a chance of ATH to TEST Again.
By keeping the Stop loss at Right Shoulder will go for long entry.
Note::
If price failed to form the right shoulder, liquidity will be finished below 19800 levels.
then we have a chance of fall back below 19800 levels, by observing consolidation at support levels.
keep safe here.
soo consider this is the crucial levels for continuation or reversal.
