Nifty 50 IndexUpdated Nifty's Inverted Head and Shoulders Pattern: Buy Opportunities
Nifty has formed an inverted head and shoulders pattern and is already in an uptrend. This setup presents two buying opportunities: you can enter again at the support level of 24,585 with minimal risk, or you may choose to wait for a breakout above 24,697. If it crosses this level, there is a high chance it will reach 24,850, potentially yielding over 150 points. I expect this target to be achieved in the coming days.
Trade active
opened below support of 24,540 level as well as head level also broken and went 300+ points
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.