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manavtechresearch
Sep 8, 2022 9:04 AM

NIFTY INDEX INVERTED HEAD AND SHOULDER PATTERN  Long

Nifty 50 IndexNSE

Description

SUMMARY:-
-on 2 hourly chart the index has made an inverted pattern
-today is expiry so move can be wild
-we had discussed to re-enter in nifty above 17780
-on if we close above 177780
-good pattern if breaks opens up probability of a move towards 18100
-fii net long exposure is low
-dxy reverted and has negative divergence on daily chart and weekly chart

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Trade closed: target reached

18100 DONE TILL NOW
POSITIONAL TRADERS

18600 IS THE WILL OF GODS
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