NIFTY INDEX HOURLY LOOKS LIKE
its a head n shoulder pattern
so can initiate short sell if hourly closing below 16900
stoploss with recent shoulder of 17100 if hourly closing above
and target for 16620
its a head n shoulder pattern
so can initiate short sell if hourly closing below 16900
stoploss with recent shoulder of 17100 if hourly closing above
and target for 16620
Note
if current hourly candle is close near 16900 than our entry for short is confirmNote
NOT any hourly closing below 16900 so we don't have entry in short position
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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.