Nifty Making Inverted C&H Pattern
Trend at short term : Negative
Trend at Long term : Negative
Current View: At the last support zone , alarming point.
Indian Major Index Nifty 50 making Inverted C&H pattern, whereas the neckline is about to be breached.
This is the 5th time it has knocked to the support zone ( 15400-15700 ) as shown in picture, and this time its is looking scary
as the increasing WTI crude oil price and Russia Ukrain War does not look to end soon , scares me out . I will be exiting my full portfolio incase Nifty gave any day closing below 15450 ,
My Immediate target in that case ( after breaking down of 15450 ) will be 14100 and 13100.
Trend at Long term : Negative
Current View: At the last support zone , alarming point.
Indian Major Index Nifty 50 making Inverted C&H pattern, whereas the neckline is about to be breached.
This is the 5th time it has knocked to the support zone ( 15400-15700 ) as shown in picture, and this time its is looking scary
as the increasing WTI crude oil price and Russia Ukrain War does not look to end soon , scares me out . I will be exiting my full portfolio incase Nifty gave any day closing below 15450 ,
My Immediate target in that case ( after breaking down of 15450 ) will be 14100 and 13100.
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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.