Nifty Daily Candle Head & Shoulder Pattern Analysis

Updated

Nifty Daily Candle Head & Shoulder Pattern Analysis

Nifty Daily Candle Head & Shoulder Pattern Analysis

as Nifty is ignoring all the negativity with sharp buying force

so for now we are turned in to bullish

and decided

Buying entry level around 17620 in any retracement

Stoploss just 100 point buffer below the recent shoulder

and target for this pattern is around 18875

Note

as we can see that a pattern appear in recent and today got breakout of this pattern long for now in any dips till 17625-17650

Note

Note

2 hours chart

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closing less than previous day close

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mkt not likely to give a correction
may be this time one way price target achieve

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trending in a range of this channel

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600 point profit running for now

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750 point up running profit

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around 950 point profit running

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almost achieved

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full target achieved

Trade closed: target reached

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Note

1300 point profit running for now

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new life high 19600 achieved

Note

20000 ON NIFTY

sk_4587

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