NIFTY has been recovering the bullish momentum and made a fresh high of 22526.6 on 11Mar24. It failed to keep higher low and closed below 21860.65. It seems to be making a Head and Shoulder pattern. I'm watching levels 22289 and 22231 for potential reversals.
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Price didnt reverse from the area as expected. Price seems to be taking support from All Time High. Most likely to continue the bullish rally.