Nifty 50 IndexLong
NIFTY 13/01/23
here are the levels for the nifty to trade tomorrow. here on daily TF huge wicks are forming on the downside of the body of candle and showing the strength of buyers(present)
so I am looking for long oppurtunity on the break and retest of the neck line of the inverted head and shoulder pattern (formed on 5min TF) and for the sellers the SL is above the neckline so can take long entry on the breakout of the pattern. And also on 1hr TF you can see RSI divergence. and also price on 5min TF made HL and HH formation.
DISCLAIMER: This is my own analysis and you do your own analysis before you take any trade and I am not SEBI registered and contact your financial adviser before taking any trades .I am not responsible for your profit or loss. This is only for educational purpose and learning.
so I am looking for long oppurtunity on the break and retest of the neck line of the inverted head and shoulder pattern (formed on 5min TF) and for the sellers the SL is above the neckline so can take long entry on the breakout of the pattern. And also on 1hr TF you can see RSI divergence. and also price on 5min TF made HL and HH formation.
DISCLAIMER: This is my own analysis and you do your own analysis before you take any trade and I am not SEBI registered and contact your financial adviser before taking any trades .I am not responsible for your profit or loss. This is only for educational purpose and learning.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.