NIfty 50 H&S pattern analysis on daily candle

18 авг. 2023 г.

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

18 авг. 2023 г.

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thank you for reading my idea
if found any related query allow me to answer

18 авг. 2023 г.

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if you think this idea is use full
please like and share and follow and comment your thought about this analysis

18 авг. 2023 г.

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fibonacci setup

18 авг. 2023 г.

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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

18 авг. 2023 г.

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press the boost rocket button if you think this analysis is use full

20 авг. 2023 г.

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best place for fresh short entry is when price testing the neck line plotted green color

21 авг. 2023 г.

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as i told that according to febonacci must buy near 19245 so around now price 19410

25 авг. 2023 г.

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19245 to 19580 = 235 point
and than
19580 to 19230 = 250 point

around 500 point profit running for now

27 авг. 2023 г.

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previous close is the lowest closing in 37 trading session

29 авг. 2023 г.

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3 сент. 2023 г.

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3 сент. 2023 г.

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keep ur stop loss very tight because long pattern visible for now