#Nifty50 bullish pattern
Updated
This is a personal analysis, no trade is recommended.
Nifty50 looks as if it may be forming a bullish head and shoulder for the short term.
If the pattern is formed, the entry should be above the neckline.
Since the pattern is not fully formed, so, the bullish head & shoulders is not confirmed.
The price zones are marked on the chart
entry with small risk is possible now. SL is marked on chart
Nifty50 looks as if it may be forming a bullish head and shoulder for the short term.
If the pattern is formed, the entry should be above the neckline.
Since the pattern is not fully formed, so, the bullish head & shoulders is not confirmed.
The price zones are marked on the chart
entry with small risk is possible now. SL is marked on chart
Note
can also be viewed as- triple bottom.
- RSI divergence
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