Nifty 50 Weekly: Inverted H&S Breakout Confirmation Awaited!
Pattern & Breakout:
Inverted Head & Shoulders formed on the weekly chart (bullish reversal pattern). ✅
Neckline breakout occurred last week, but confirmation pending! This week failed to close above breakout level.
Confluence Alert: Weekly close above breakout level = Trendline resistance (red) breakout! 🚀
Targets (If Confirmed):
50% Fib extension: 26,333 📈
61.8% Fib extension: 26,768 🎯
(Fib drawn from 3rd March 2025 swing)
Key Invalidation:
Right Shoulder Low: 24,473 (blue line). Break below = pattern failed! ⚠️
Action Plan:
Wait for weekly close ABOVE neckline breakout.
Enter longs on confirmation (targets: 26,333 → 26,768).
Stop loss: Below 24,473.
Disclaimer:
This analysis is for educational purposes only. Trade at your own risk. Past performance isn’t indicative of future results. Always conduct your own research or consult a financial advisor. 📉💰
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Inverted Head & Shoulders formed on the weekly chart (bullish reversal pattern). ✅
Neckline breakout occurred last week, but confirmation pending! This week failed to close above breakout level.
Confluence Alert: Weekly close above breakout level = Trendline resistance (red) breakout! 🚀
Targets (If Confirmed):
50% Fib extension: 26,333 📈
61.8% Fib extension: 26,768 🎯
(Fib drawn from 3rd March 2025 swing)
Key Invalidation:
Right Shoulder Low: 24,473 (blue line). Break below = pattern failed! ⚠️
Action Plan:
Wait for weekly close ABOVE neckline breakout.
Enter longs on confirmation (targets: 26,333 → 26,768).
Stop loss: Below 24,473.
Disclaimer:
This analysis is for educational purposes only. Trade at your own risk. Past performance isn’t indicative of future results. Always conduct your own research or consult a financial advisor. 📉💰
Boost visibility: 👍 Like | 💬 Comment | 🔔 Follow
Dagangan aktif
Price closed more than 15% below the 'breakdown point' - Right shoulder support broken on Weekly timeframe. Next support on weekly timeframe now is 23900.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.