Nifty : Head & Shoulders Pattern...When to Enter ??
Hi All,
We got head and shoulders pattern in Nifty 15mins chart and the right shoulder is yet to get completed. If we get bearish confirmation around right shoulder we can short Nifty and trail our stops till the neckline and if neckline gets broken we are in for treat today. But today being expiry day and GST Bill inching closer to get final nod, we should be wary of our shorting position with strict stops. We do have left shoulder as resistance on other side..Lets see how this pans out today..
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Happy Trading !!
We got head and shoulders pattern in Nifty 15mins chart and the right shoulder is yet to get completed. If we get bearish confirmation around right shoulder we can short Nifty and trail our stops till the neckline and if neckline gets broken we are in for treat today. But today being expiry day and GST Bill inching closer to get final nod, we should be wary of our shorting position with strict stops. We do have left shoulder as resistance on other side..Lets see how this pans out today..
Hit Like button to keep me motivated to post more ideas...Thanks for your support !
Happy Trading !!
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