Possible Inverted Head And Shoulder Pattern About To Breakout Long

Nifty 50 IndexNSE

Description

⋅ Jun 27, 2021 4:05 AM

It look like a classical Inverted Head And Shoulder Pattern developing on Nifty-50 Index on Hourly Charts Let's see what will happen.

Disclaimer : This is totally my personal view only for learning purpose I don't suggest any trading idea do at your own.

Thanks

Chart Patterns

Comments

ravikant1

⋅ Jun 28, 2021 12:22 PM

Left shoulder is incomplete. And secondly inverted h&s pattern is seen after a long fall which is also not the case. So as per my YouTube learning this is not h&s. I may be wrong. And also in nifty futures chat rise in volume towards right shoulder is also missing, which normally associated with inverted h&s. May be after breakout we will see volume coming in. And if Volume doesn't come then we may see a breakout failure. But before failure, test is certain.

TRADEWITHFUN247

⋅ Jun 28, 2021 3:26 AM

pattern identified was wrong though the 15900 is a crucial level

alphatrader09

⋅ Jun 27, 2021 4:12 PM

Position of pattern is not correct. You expect inverted H&S at bottom of market not Top.

natarajanshankar

⋅ Jun 27, 2021 2:15 PM

All eyes on 15900😁

TRADING_DUNIYA

⋅ Jun 27, 2021 2:09 PM

this is not a head and shoulder atleast try to learn first before publishing these

natarajanshankar

⋅ Jun 27, 2021 2:19 PM

@TRADING_DUNIYA its looks similar to head and shoulder. May not be perfect. One thing is clear from this post, there will be good immediate bull run, once it breaks 15950. Or else, as usual, it will retest and fall.

rohitbkn123

⋅ Jun 27, 2021 5:31 AM

Good analysis Narander ji. I am a very big fan of you for your crystal clear analysis on nifty. Please Start a YouTube Channel for providing your valuable views and analysis.