H&S pattern in the Index
Nifty hit a low of 11287 on Sep 11, 2018 due to concerns on weakening rupee which a hit a all time low of 72.72 finally settling at 72.69 against USD and rising bond yields which surpassed 8%.
No sector was spared, including Pharma & IT which were the beneficiaries of the weakening rupee.
Disclaimer: I am a novice, so please don't construe your trade basis this chart. I post it to see if my views holds true.
No sector was spared, including Pharma & IT which were the beneficiaries of the weakening rupee.
Disclaimer: I am a novice, so please don't construe your trade basis this chart. I post it to see if my views holds true.
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