Will Nifty form Head and Shoulder Pattern (H&S) ? Short

Nifty 50 IndexNSE

Description

⋅ Oct 30, 2021 2:57 PM

Now Nifty is taking the support of previous Demand Zone.

So for it has completed Left Shoulder and Head.

Now in my view Nifty is expected to create Right shoulder

Once it formed the right shoulder & if breaks out happened ?

Another 1000 Points correction is expected.

Let see what will happen ?

Comments

mahesh_invest

⋅ Nov 1, 2021 7:17 AM

wow. Excellent. Yes. It should come down. Most of the stocks are overpriced. We don't want "18"k Adult Nifty.. !! We need COVID affected "7.5" k Child Nifty again....!!!!

ddrsharma

⋅ Oct 31, 2021 12:17 PM

What level breaching will confirm H&S formation