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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