Hello traders
i am presenting to you a Nifty H&S pattern confirmation trading setup
after one of finest rally there is a small time and price correction possible so
as we seen that there is a clear Head and shoulder pattern visible on Nifty daily chart
so stop loss is around right shoulder with some buffer so 19700 is the stop loss
and target is equals to the head of the pattern so 18900 is the target for this pattern
and entry is near necline is best one for this pattern around 19450 to 19500
i am presenting to you a Nifty H&S pattern confirmation trading setup
after one of finest rally there is a small time and price correction possible so
as we seen that there is a clear Head and shoulder pattern visible on Nifty daily chart
so stop loss is around right shoulder with some buffer so 19700 is the stop loss
and target is equals to the head of the pattern so 18900 is the target for this pattern
and entry is near necline is best one for this pattern around 19450 to 19500
Nota
thank you for reading my ideaif found any related query allow me to answer
Nota
if you think this idea is use fullplease like and share and follow and comment your thought about this analysis
Nota
fibonacci setup
Nota
febonacci of the whole move price is near 0.236 which is 19245
so here is a buying opportunity because this is the first retacement level reached in this whole upmove
so according to febonacci must buy @ 19245
Nota
press the boost rocket button if you think this analysis is use fullNota
best place for fresh short entry is when price testing the neck line plotted green colorNota
as i told that according to febonacci must buy near 19245 so around now price 19410Nota
19245 to 19580 = 235 point and than
19580 to 19230 = 250 point
around 500 point profit running for now
Nota
previous close is the lowest closing in 37 trading session
Nota
Nota
Nota
keep ur stop loss very tight because long pattern visible for now
Penerbitan berkaitan
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.
Penerbitan berkaitan
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.