HEAD & SHOULDERS PATTERN IN NIFTY. TIME TO SELL AGAIN ?

ที่อัปเดต:
Symbol - NIFTY50

CMP 24800

Nifty50 has turned its trend from bullish to bearish & sideways making lows - lows on daily time frame. We can see a Head & Shoulders pattern getting formed on daily TF in Nifty. Such patterns on larger time frame don't usually fail. Nifty is currently trading near neckline of this pattern. Breakdown & sustaining below this neckline zone 24730 - 24690 will get this pattern activated & we can see big target towards downside.

Target on downside can be 23370

P.S. : My short position is already active from 25000





Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
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CMP 24580

H&S shoulders pattern is activated & Nifty is witnessing huge selling on neckline breakdown. I'm holding my short positions for huge downside targets.
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CMP 24850

Adding more short position. My short position was active from 25K. Now adding more to this.
Holding with SL 25120
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CMP 24700

Nifty retesting breakdown area & witnessing sharp selling.
Short position Holding.
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CMP 24564

Future short position 436 points in profit. Holding short position.
Holding with CTC SL now.
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CMP 24275

Future position 725 points in profit. Holding short position.
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CMP 24200

Moving as per expectation. After good profit booking, trading sideways & getting ready for further downside. Holding short position.
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CMP 24060

Future short position 940 points in profit.
ปิดการเทรด ด้วยตนเอง
It went till 23816 & then started to reverse.

Trade closed at 23960 with Trailing SL.
Total 1040 points captured.

P.S. : I will make short positions again on rise towards 24500 with small SL. H&S target is still pending.
บันทึกช่วยจำ
CMP 23700
บันทึกช่วยจำ
CMP 23360

H&S Target 23370 reached.
25000 to 23360
Fundamental AnalysisfuturestradingHead and ShouldersniftylevelsniftyoutlookniftypredictionniftytradesetupniftytrendniftytrendanalysisshorttradesetupTrend Analysis

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