HEAD & SHOULDERS PATTERN IN NIFTY. TIME TO SELL AGAIN ?

17 paź

Symbol - NIFTY50

CMP 24800

Nifty50 has turned its trend from bullish to bearish & sideways making lows - lows on daily time frame. We can see a Head & Shoulders pattern getting formed on daily TF in Nifty. Such patterns on larger time frame don't usually fail. Nifty is currently trading near neckline of this pattern. Breakdown & sustaining below this neckline zone 24730 - 24690 will get this pattern activated & we can see big target towards downside.

Target on downside can be 23370

P.S. : My short position is already active from 25000





Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!

18 paź

Zlecenie aktywne

CMP 24580

H&S shoulders pattern is activated & Nifty is witnessing huge selling on neckline breakdown. I'm holding my short positions for huge downside targets.

18 paź

Zlecenie aktywne

CMP 24850

Adding more short position. My short position was active from 25K. Now adding more to this.
Holding with SL 25120

5 dni temu

Zlecenie aktywne

CMP 24700

Nifty retesting breakdown area & witnessing sharp selling.
Short position Holding.

5 dni temu

Zlecenie aktywne

CMP 24564

Future short position 436 points in profit. Holding short position.
Holding with CTC SL now.

przedwczoraj

Zlecenie aktywne

CMP 24275

Future position 725 points in profit. Holding short position.