This is a personal analysis, no trade is recommended.
Nifty50 looks as if it may be forming a bullish head and shoulder for the short term.
If the pattern is formed, the entry should be above the neckline.
Since the pattern is not fully formed, so, the bullish head & shoulders is not confirmed.
The price zones are marked on the chart
entry with small risk is possible now. SL is marked on chart
Nifty50 looks as if it may be forming a bullish head and shoulder for the short term.
If the pattern is formed, the entry should be above the neckline.
Since the pattern is not fully formed, so, the bullish head & shoulders is not confirmed.
The price zones are marked on the chart
entry with small risk is possible now. SL is marked on chart
Nota
can also be viewed as- triple bottom.
- RSI divergence
Penafian
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Penafian
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.