So today in Nifty
15 mins we can expect the breakout of head and shoulders
pattern and a move downside. Why we are expecting downside breakout ? Well, then only My last two days post will be right prediction :) We have same amount of chances to take support on trendline and move up. So watch Nifty
carefully, won't you love it if the breakout happens & get a ride on Bear's Back ? Don't worry, just hope bears will hug us, not squeeze...
If trendline support is strong on valid bullish
reversal initiate longs in Nifty
probably any one scenario will be over by today I guess but lets watch what plans Nifty
have... As mentioned in Nifty
chart keep watch on zone 8720's to 8740's...
Premarket Update : Nifty
opened @ 8768... Head & shoulders
may work or fail.. Let's give fair chances for Failing analysis also :)
Happy Trading !