satyam15

satyam15

nifty weekly inverse head and shoulder formed breakout in august 2009 and and target achieve in november 2015. target height of head 4649-2921 = 1728. therefore target 6377 achieved in nov 2015

satyam15

a perfect head and shoulder formed before fall of 2008 giving indication market topped out. here target of head and shoulder is said to be height of head 6357-4100 i.e. we expect fall of 35% but index fall about 45% and so target achieved. for better results of pattern try to find out pattern on long term time frame. here we have used Weekly time frame.