The market (NIFTY50) is Trading at 22150.
Do not blindly go with the buy or call side. First Market will re-test with the S4 area (21950) and then it will move towards our Target which is 22300.
It's a clear Reverse Head and Shoulder Pattern but don't go blindly in any direction. Let's wait for a retest and then enter the rally.
Another 2 Conditions:
1. If it breaks 22215 then 22300 will be scalping in Intraday.
2. If 21800 Break then more selling expected
Do not blindly go with the buy or call side. First Market will re-test with the S4 area (21950) and then it will move towards our Target which is 22300.
It's a clear Reverse Head and Shoulder Pattern but don't go blindly in any direction. Let's wait for a retest and then enter the rally.
Another 2 Conditions:
1. If it breaks 22215 then 22300 will be scalping in Intraday.
2. If 21800 Break then more selling expected
Trade closed: target reached:
Target Achieved:
Pattern (Inverted Head & Shoulder)
On 26th March S4 Level achieved which was 21950 and from there got the 550 points and on 28th closing above 22300.
Pattern (Inverted Head & Shoulder)
On 26th March S4 Level achieved which was 21950 and from there got the 550 points and on 28th closing above 22300.
If it sustain above 22180 then our Monthly expiry will be above 22300