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mohitgawade
Sep 27, 2019 6:05 PM

1 2 KA 4? Short

Nifty 50 IndexNSE

Description

WELL FLAG AND POLE SEEMS TO FORMED CONSIDERING LAST WEEK PRICE ACTION.
LATE THIS WEEK SEEMS TO BE H&S PATTERN AND WITH PARALLEL CHANNEL IN PROCESS FORMED.
BREAKOUT OF LINE 1 WILL COME AT 2 AND THEN 4
BREAKOUT OF LINE 2 SEEMS TO BE 0.236 BREAKOUT OF FIB LVL WHICH MIGHT BRING TO LINE 4 0.328 FIB WHICH WILL FILL THE GAP AS WELL

BUT IF THE BREAKOUT OF UPPER PARALLEL CHANNEL MIGHT LEAD NIFTY TO 11800.
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