Watch out for Nifty head & shoulder pattern Short

S&P CNX NIFTY INDEX FUTURESNSE

Description

⋅ Nov 22, 2020 1:28 PM

There might be good short opportunity in Nifty once the shoulder of the pattern is broken. The first target could be the nearest gap at 12400

Comment

⋅ Nov 25, 2020 10:00 AM

Price is testing the neckline after making a new high. Divergences are visible in many momentum indicators. Below 12740, downward pressure will increase.

Comment

⋅ Nov 25, 2020 1:09 PM

The pattern turned into an expanding channel today.. Short once price breaks 12750 with a strict stop loss

Trend Analysis Chart Patterns

Comments

Kotha_Rao

⋅ Nov 25, 2020 10:02 AM

But today's high is Higher than Head. So, Pattern gets invalidated

ssen

⋅ Nov 25, 2020 1:07 PM

yes it is an expanding channel now..

Kotha_Rao

⋅ Nov 23, 2020 4:11 AM

Totally wrong pattern. Forced by Author.

bindhuknagesh

⋅ Nov 22, 2020 1:50 PM

I think this next week more than 150 points correction