NIfty 50 H&S pattern analysis on daily candle
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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
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thank you for reading my ideaif found any related query allow me to answer
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if you think this idea is use fullplease like and share and follow and comment your thought about this analysis
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fibonacci setup
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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
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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
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previous close is the lowest closing in 37 trading session
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keep ur stop loss very tight because long pattern visible for now
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