Nifty H&S formation. Will it continue the downfall?

٢٥ نوفمبر ٢٠٢٠

Yesterday night I drew the formation on the chart but was waiting for market to confirm.

Today it confirmed it by completing the right shoulder.

If the neckline of this formation is broken, then expect more downfall.

Play Safe & Happy Trade.

Note: Views only for educational purpose. Consult your financial advisor for any trade.

٢٦ نوفمبر ٢٠٢٠

ملاحظة

Market tried to break neckline in first 4 hrs but it reversed and hence it went up again.

No bear until the neckline is broken comfortably in 4h or daily timeframe.

١ ديسمبر ٢٠٢٠

ملاحظة

Wait for the top trendline to break.

If it break then H & S pattern will be invalid and we can start a bull position from their.

٣ ديسمبر ٢٠٢٠

ملاحظة

H&S pattern invalid as Nifty made a new high.

Now we have to change our perception as per Market.

٣ ديسمبر ٢٠٢٠

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