kacharts

nifty - heading for previous highs?

Long
NSE:NIFTY   Nifty 50 Index
286 views
11
as per chart - nifty successfully closed above previous big hurdle of 10635.
resistance zone of 10738 - 10708 (gap)
also 10708 is 61.8% retracement level of entire fall which started from 11171.51 to 9951.50.
weekly and monthly chart suggest strong moves ahead .
strategy - buy on dips sl 10550 target 10910 /11000 cmp 10692

Comments

is Head and shoulder a possibility here?
Reply
kacharts kiranirao
@kiranirao, i dnt think so . and in index. we should see h&s pattern on weekly scale
Reply
kiranirao kacharts
@kacharts, ok, thank you very much for your reply..
Reply
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