Nifty has confirmed an Inverted Head and Shoulder breakout around 22,650, indicating a strong bullish momentum. This classic reversal pattern suggests that buyers are gaining control, and further upside movement is expected.
Trade Setup:
Entry: Above 22,650
Stop Loss: 22,350 (below the right shoulder)
Target: 22,950 (measured move projection)
Technical Analysis:
The neckline breakout with good volume confirms bullish strength.
RSI is showing positive divergence, supporting the uptrend.
If Nifty sustains above the breakout level, we may witness further upward momentum.
Risk Management:
Always follow proper risk-reward management.
Keep position sizing appropriate to your risk appetite.
Avoid over-leveraging.
Disclaimer: This analysis is for educational and informational purposes only and should not be considered financial advice. Trading in the stock market involves risk. Please do your own research and consult a SEBI-registered financial advisor before making any investment decisions.
Trade Setup:
Entry: Above 22,650
Stop Loss: 22,350 (below the right shoulder)
Target: 22,950 (measured move projection)
Technical Analysis:
The neckline breakout with good volume confirms bullish strength.
RSI is showing positive divergence, supporting the uptrend.
If Nifty sustains above the breakout level, we may witness further upward momentum.
Risk Management:
Always follow proper risk-reward management.
Keep position sizing appropriate to your risk appetite.
Avoid over-leveraging.
Disclaimer: This analysis is for educational and informational purposes only and should not be considered financial advice. Trading in the stock market involves risk. Please do your own research and consult a SEBI-registered financial advisor before making any investment decisions.
Trade active
It should be on daily closing basis
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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.
Related publications
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.