NIFTY FUTURES AGAIN FORMED A HEAD AND SHOULDER PATTERN IN AN UPTREND

A head and shoulder pattern in the prevailing uptrend always resembles a good potential for the upward movement.

Nifty futures also broke its neckline above 10580 levels so any declines should be used for accumulation and we are expecting a minimum of 10830 levels on the higher sides. Stop loss for the position will be at 10500 now.

Here is the snapshot:

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