S-ROC (Rate of Change) Indicator is forming Head & shoulder pattern in Nifty on daily chart.
Head & shoulde patern is considered to be the most reliable pattern in Technical Analysis. One needs to check for the indicator to break the neck line for further confirmation.
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Disclosure: I may have position or maybe trading in above said stocks for myself/ family members / friends / Associates.
This blog is meant for ideas on Stocks, commodity & Forex trading. It emphasizes on importance of Technical Analysis using Swing & Candlestick Patterns. Also covers articles on Insurance, Loans & Mortage to complete the entire Financial Basket.
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