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Saravanan_Natarajan
Feb 3, 2021 7:57 AM

Nifty inverse H&S pattern 

Nifty 50 IndexNSE

Description

Educational purpose only!

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Comments
anirudhsingh185
Are you saying there will be a fall?
Saravanan_Natarajan
@anirudhsingh185, I am not sure, Read my notes clearly!
avinash260692
hi,how did u decide the price of the right shouder.can u plz explain
Saravanan_Natarajan
@avinash260692, I copied the neck resistance line to left shoulder low. So we can expect the price will come the left shoulder support line.
Sandeep751
nice analysis bro
Saravanan_Natarajan
@Sandeep751 thanks bro
harikavelidi
Sir,
Usually what is the length of time period you consider while drawing patterns??
1min, 2min,5 min or 15min candle pattern
Thanks in Advance!!
Saravanan_Natarajan
@harikavelidi We can use all the time frames for drawing patterns but you have to use which one was perfect for your trading duration.
I am assuming you traded in Intraday, use 1 Hr chart and draw a major trendlines & support & resistance areas. After that you have to change to 15 mins to draw another trendline if possible and finally execute in 5 mins.

Important: trade only 1 hr market trend.

I hope u understand this. Have a nice day..
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