Clear Inverse head and shoulders. Can see 9300 Long

NSE:NIFTY15

Nifty 50 IndexNSE

Description

⋅ Apr 10, 2020 6:33 AM

Inverse head and shoulders On Nifty.
We might see nifty at 9300 and then a clear fall. To 8500

Trade closed: target reached

⋅ Apr 15, 2020 7:01 PM

Perfectly touched to 9300 In candlestick chart

Chart Patterns Inverse Head and Shoulders

Comments

sumedhspl

⋅ Apr 15, 2020 9:34 AM

I am in learning mode try to identify the patterns. But here I would like to know mistake I am doing. As far as line chart formed and explained by Traingles I can see but when i try to make it out i am not able to.

sumedhspl

⋅ Apr 15, 2020 9:33 AM

Hi Hrishikesh Can you please explain formation of inverted Head & Shoulders on Candles.

I am not able make that out. I tried to see but not catching it out.

Seen on weekely and monthly .

hrishikesh1212

⋅ Apr 10, 2020 6:52 AM

9391 being the 38.2% retracement level

hrishikesh1212

⋅ Apr 10, 2020 6:49 AM

Dow jones and S&P500 retraced 50%, so dont you think our NIFTY would follow global moves?