Things to note : 1. 2200 level has been tested multiple times (3 times) on the monthly chart, which is really a worrying factor. 2. Head and Shoulder pattern formation after the recent breakout. Targets - 2000/1800/1600 Expecting to reach 1800 before the results.
Dear traders, I have identified chart levels based on my analysis, major support & resistance levels. Please note that I am not a SEBI registered member. Information shared by me here for educational purpose only. Please don’t trust me or anyone for trading/investment purpose as it may lead to financial losses. Focus on learning, how to fish, trust on your own...
L&T futures today formed a bearish outside bar as the price rejected at its 52 week high. It is a strong trend reversal setup. Monitor for the resistance build up around 1818 zone. Short Term is expected to be filled with bearish.