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maneeshaggarwal
May 14, 2020 1:50 PM

Nifty : Head & Shoulder (Very Bearish Sign) Short

NSE:NIFTY60
Nifty 50 IndexNSE

Description

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A Black Friday May be seen.

A perfect Head & Shoulder Pattern is appearing.

Sell Below 8990 with stop loss 9440 with target 8800-8750

after this a small bounce back upto 9000-9070 then free fall upto 8200-8150

All this analysis fails if Nifty crosses above 9585 (high of the Right shoulder)

This is for ONLY Educational Purpose.

Before taking any trade check your risk managment and counsult your stock advisor.
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Comment

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target is posted in aforesaid commentary is wrong. Actually it is 8000-8100

Trade active

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Annihilation has just begin. JUST WAIT AND WATCH.
Chart PatternsNIFTY
Comments
Thetradingmyopic
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Good work!
ashokakbari
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Nice one... Neckline to head almost 900 points... Hope it break the line and give chance to short when retrace again to touch neckline from downside
BalajiN8
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Hey stop loss value looks huge compare to target value. Did u mention any thing wrong in discription?
maneeshaggarwal
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@BalajiN8, yes you are right target is 8000-8100
TradingOx
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maneeshaggarwal
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@TradingOx, To your analysis, a big movement is required with huge buying with positive sentiments and short covering. A bit tough task but hope for good.

In my view sell below 8990 or buy above 9440.
vishalpan
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@TradingOx, Nice one :)
@maneeshaggarwal Are you stating in between 8990 - 9440 it's no trade zone ?
maneeshaggarwal
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@vishalpan, whenever you get 100-150 pont gap up opening
sell on every rise with sl 9440
vishalpan
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@maneeshaggarwal, Absolutely sir, i'm waiting for Monday, Tuesday openings. Hoping it will trend back to right direction.
Will watch it closely. Recent trade Long @9,180
maneeshaggarwal
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@vishalpan, sell may 9500 call to get premium to get some amount
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