Inverse Head and shoulder on 30 Mins - Nifty 50
Updated
Reason for the trade: Inverse Head and shoulder
Big red candle are seen in the pattern but prices are not moving down much forming base candles with long wick(Some signs of rejections to the downside)
and also i will not enter the trade at current price but will wait to see the volume in the future charts while breaking 14876-14900 range.
Target - 15200
Entry - 14876-14900
Great R:R trade to take.
Disclaimer: Author may enter in trade so take your own decision. This is an trading idea not an trading or Investment advice.
Big red candle are seen in the pattern but prices are not moving down much forming base candles with long wick(Some signs of rejections to the downside)
and also i will not enter the trade at current price but will wait to see the volume in the future charts while breaking 14876-14900 range.
Target - 15200
Entry - 14876-14900
Great R:R trade to take.
Disclaimer: Author may enter in trade so take your own decision. This is an trading idea not an trading or Investment advice.
Note
Prices have taken out the seller and now forming base candles(fueling the engine to move up) - Will take a pull back trade in case of a gap up opening tmmrw morning.Note
Entered in Pullback trade at 14890Trade closed: stop reached
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