Nifty 50 IndexShort
Nifty Down to 18000 range ??!!!
Updated
Chart pattern insisting the opinion titled above!!
Reasons:
1. 9th December Day Candle - Bearish engulfing candle with wick at bottom ( but low got tested the next day).
2. H&S pattern in process (right shoulder yet to form).
3. Major Trendline resistance above.
Target and Sacred SL mentioned in chart !!
Let's see how it moves!!!
Note - Just sharing my probable view....not a tip nor advice!!!!!
Reasons:
1. 9th December Day Candle - Bearish engulfing candle with wick at bottom ( but low got tested the next day).
2. H&S pattern in process (right shoulder yet to form).
3. Major Trendline resistance above.
Target and Sacred SL mentioned in chart !!
Let's see how it moves!!!
Note - Just sharing my probable view....not a tip nor advice!!!!!
Note
SL reached....still H&S pattern prevails....bulls lacking momentum may favour bears.
Strong day close above 18720 may favour bulls.
Note
looks like forming the right shoulder...Note
Formed the H&S pattern perfectly...breakdown too!!!Trade active
Note
NEARING THE TARGET...Trade closed: target reached
Next target can be next gap filling move till 17850!!Note
Market doesn't like Gaps....once again proving it!!!! 2nd target achieved!!!
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