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Caapinves
May 14, 2020 2:29 PM

Nifty - 1hr Chart - Head & Shoulder Pattern - Short Short

Nifty 50 IndexNSE

Description

Nifty 1hr has formed the Head & Shoulder Pattern - if the neckline break down below 9100

Target 1 - 8900

Target 2 - 8800

SL - 9400

Trade active

Short@ 910

Comment

Shorted @ 9100

Trade active

Target 1 - reached

Trade closed: target reached

Target reached - 8807
Comments
Rahul48
i think as per physiological view that all people knows even news channel experts also told about 9100 support that if it breaks then nifty ll go as per ur level there is no doubt but market always gives surprise. nifty already went 2 days back below 9100 and it came speedy recovery ( bear trapped) from that level. Because now all people waiting for shorting nifty if one time it breaks 9100 and sustain there.but may b market ll trap all shorters.
Caapinves
@Rahul48, - That correct, every time market moves exactly opposite when majority of the people was in one side.Rahulji I have posted this 1 hr time frame.

I also post a post where if another view in Nifty in Day chart where if it break 9500 then it way move towards 10000 - 10200.
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