Nifty : Head & Shoulder Bearish pattern
Nifty's fall from 26277 to 24694 and then a weak pullback upto 25234 with falling volume and again ready to break 24650. If it happens with heavy volume then it will confirm a clear breakdown from Head n Shoulder pattern. Which is very bearish.
After this breakdown Nifty will try to reach near 23300 sooner or later. So Trade accordingly.
Always book profit small/big. Sell on rise will be the right strategy for the coming months.
Above analysis will be negated/cancelled if Nifty closes above 25500.
Put Stoploss on closing basis.
(In Trading Time it may go above/below stoploss But closing price is most important).
These are levels are generated on the basis on Fibonacci Series
NOTE : I am not SEBI registered advisor in capital market.
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Please understand Risk in trading before taking any trade with your financial consult. I am only sharing my knowledge it may be right or sometimes wrong so I am not liable for any loss.
Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's.
Thank you.
After this breakdown Nifty will try to reach near 23300 sooner or later. So Trade accordingly.
Always book profit small/big. Sell on rise will be the right strategy for the coming months.
Above analysis will be negated/cancelled if Nifty closes above 25500.
Put Stoploss on closing basis.
(In Trading Time it may go above/below stoploss But closing price is most important).
These are levels are generated on the basis on Fibonacci Series
NOTE : I am not SEBI registered advisor in capital market.
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Please understand Risk in trading before taking any trade with your financial consult. I am only sharing my knowledge it may be right or sometimes wrong so I am not liable for any loss.
Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's.
Thank you.
تم فتح الصفقة
Nifty's breakdown without good volume. But it will bring more fear among small investors/traders. Just wait for pullback to exit the holdings/longs otherwise more and more downside is waiting.
تم فتح الصفقة
A minor pullback upto 24512, 24625 may be seen, But it will be an opportunity to sell or quit in less loss/profit. Wait for further downside.
STAY on cash for big bonanaza.
ملاحظة
Final downfall will begin very soon. All stronghold like IT, Banking, Real sector etc. will come under pressure of selling/redemption of general traders/investors.
Very likely nifty's level 22300 will be broken very easily.
WAIT & STAY ON CASH.
ملاحظة
First target almost achieved 23350. Now a sideways movement of 700-800 points then cooldown again. then wait for another signal for breakdown or breakout.أغلقت الصفقة: تم الوصول للهدف
Bull's EYE
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