Short

NIfty 50 H&S pattern analysis on daily candle

Updated

Hello traders

i am presenting to you a Nifty H&S pattern confirmation trading setup

after one of finest rally there is a small time and price correction possible so

as we seen that there is a clear Head and shoulder pattern visible on Nifty daily chart

so stop loss is around right shoulder with some buffer so 19700 is the stop loss

and target is equals to the head of the pattern so 18900 is the target for this pattern

and entry is near necline is best one for this pattern around 19450 to 19500

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thank you for reading my idea
if found any related query allow me to answer

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if you think this idea is use full
please like and share and follow and comment your thought about this analysis

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fibonacci setup

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febonacci of the whole move
price is near 0.236 which is 19245
so here is a buying opportunity because this is the first retacement level reached in this whole upmove
so according to febonacci must buy @ 19245

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press the boost rocket button if you think this analysis is use full

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best place for fresh short entry is when price testing the neck line plotted green color

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as i told that according to febonacci must buy near 19245 so around now price 19410

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19245 to 19580 = 235 point
and than
19580 to 19230 = 250 point

around 500 point profit running for now

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previous close is the lowest closing in 37 trading session

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Nifty 50 daily Pole and Flag pattern setup

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keep ur stop loss very tight because long pattern visible for now

sk_4587

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