anupminj7

head and shoulder pattern NIFTY

NSE:NIFTY   Nifty 50 Index
452 views
9
452 5
If this pattern is completed
then then ..........
Comment: No Rate cut in RBI policy watch out for important levels
Comment: making right shoulder
Comment: half completed
Trade closed: stop reached: c
So Nifty can go up to 6900 level ...... great......... I now have a question about time frame.......could you please advice on time to reach 6900 level
Thank you & great work done...... perfect head and shoulder pattern detected.
Reply
Very scary pic....but perfect analysis
Reply
So, 7900 is very Important level. Important support levels for near terms are - 8050 - 7900 - 7650 - 7500.
Note :- This is last month of the year (FIIs exit from their positions).
In my view the supports level can take place before Budget 2017-2018.
Reply
anupminj7 lokesh_mfc
@lokesh_mfc, you r right
but this is daily chart it took 194 days to reach the top
now 104 days left as per price date rang
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