NIFTY : Head & Shoulder Pattern in making

22 Oca 2024

Nifty is in process of making Head & Shoulder Pattern

If nifty Break Down Below 21400 then it may touch below levels
Level 1 20500
Level 2 20100

All above assumptions goes wrong If Nifty goes above 21950

Nifty is showing Divergence so it means very likely it may touch aforesaid levels

23 Oca 2024

İşlem aktif

For educational purpose
A head and shoulders pattern has four components:

After long bullish trends, the price rises to a peak and subsequently declines to form a trough.
The price rises again to form a second high substantially above the initial peak and declines again.
The price rises a third time, but only to the first peak level, before declining again.
The neckline, drawn at the two troughs or peaks (inverse)