Nifty 50 IndexLong
Bullish Inverted Head $ Shoulder Pattern
Updated
Nifty gave breakout at 03-12-24 from Inverted Head & Shoulder pattern by closing above neckline 24370 with a close of 24457.
After some uptrend Nifty retested the neckline at 24180 to check it as strong support and started uptrend.
Now Target of this Inv. H n S pattern would be 25403, 26586.
Buy Nifty at this level with last 2 day's lowest price as trailing STOPLOSS to carry your position for aforesaid targets.
Put Stoploss on closing basis.
(In Trading Time it may go above/below stoploss But closing price is most important).
These are levels are generated on the basis on Fibonacci Series
NOTE : I am not SEBI registered advisor in capital market.
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Please understand Risk in trading before taking any trade with your financial consult. I am only sharing my knowledge it may be right or sometimes wrong so I am not liable for any loss.
Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's.
Thank you.
After some uptrend Nifty retested the neckline at 24180 to check it as strong support and started uptrend.
Now Target of this Inv. H n S pattern would be 25403, 26586.
Buy Nifty at this level with last 2 day's lowest price as trailing STOPLOSS to carry your position for aforesaid targets.
Put Stoploss on closing basis.
(In Trading Time it may go above/below stoploss But closing price is most important).
These are levels are generated on the basis on Fibonacci Series
NOTE : I am not SEBI registered advisor in capital market.
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Please understand Risk in trading before taking any trade with your financial consult. I am only sharing my knowledge it may be right or sometimes wrong so I am not liable for any loss.
Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's.
Thank you.
Trade active
If Nifty closes below 24000 then exit from all long positions and a clear pattern failure will break previous lows of nifty 23300.
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