Nifty Down to 18000 range ??!!!

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Chart pattern insisting the opinion titled above!!

Reasons:

1. 9th December Day Candle - Bearish engulfing candle with wick at bottom ( but low got tested the next day).

2. H&S pattern in process (right shoulder yet to form).

3. Major Trendline resistance above.

Target and Sacred SL mentioned in chart !!


Let's see how it moves!!!

Note - Just sharing my probable view....not a tip nor advice!!!!!
Ghi chú
SL reached....still H&S pattern prevails....
bulls lacking momentum may favour bears.
Strong day close above 18720 may favour bulls.
Ghi chú
looks like forming the right shoulder...
Ghi chú
Formed the H&S pattern perfectly...breakdown too!!!
Giao dịch đang hoạt động
Ghi chú
NEARING THE TARGET...
Đóng lệnh: đạt mục tiêu
Next target can be next gap filling move till 17850!!
Ghi chú
Market doesn't like Gaps....once again proving it!!!! 2nd target achieved!!!
Bearish PatternsChart Patternshead_and_shoulderNIFTYnifty50niftyanalysisprobabilityshortTrend Analysis

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