Nifty possible Head and shoulder pattern breakout Long

Nifty 50 IndexNSE

Description

⋅ Jun 30, 2020 7:57 AM

Nifty Possible 100-150 points movement above 10400 level. We will see the target of 10550 today or till end of this expiry.

Disclaimer: This is my personal view you can trade according to your own risk.

Comments

blitz1989

⋅ Jun 30, 2020 6:22 PM

H&S is a reversal pattern and looking at your time frame, nifty was not in a downtrend.

For the last many weeks nifty is in an uptrend so reverse h&s is not valid in such a scenario. If it was normal h&s it would have been right.

BEWKOOF_TRADES

⋅ Jun 30, 2020 10:34 AM

A H&S pattern is valid if it form after a upward or downward trend. its in consolidation phase, so technically it shouldnt work.

shubam

⋅ Jun 30, 2020 8:04 AM

Stop loss for intraday?

TradZoo

⋅ Jun 30, 2020 8:09 AM

@shubam, @10350 is Intraday stop loss.

Nirmal7086

⋅ Jul 1, 2020 3:37 AM

@shubam, Support and Resistence level for 2 JUL,2020. Its been great chart analysis.. Keep it !!