HEAD & SHOULDERS PATTERN IN NIFTY. TIME TO SELL AGAIN ?
تم تحديثه
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!
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!
تم فتح الصفقة
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.
تم فتح الصفقة
CMP 24850
Adding more short position. My short position was active from 25K. Now adding more to this.
Holding with SL 25120
تم فتح الصفقة
CMP 24700
Nifty retesting breakdown area & witnessing sharp selling.
Short position Holding.
تم فتح الصفقة
CMP 24564
Future short position 436 points in profit. Holding short position.
Holding with CTC SL now.
تم فتح الصفقة
CMP 24275
Future position 725 points in profit. Holding short position.
تم فتح الصفقة
CMP 24200
Moving as per expectation. After good profit booking, trading sideways & getting ready for further downside. Holding short position.
تم فتح الصفقة
CMP 24060
Future short position 940 points in profit.
تم إغلاق الصفقة يدويًا
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.
ملاحظة
CMP 23700ملاحظة
CMP 23360
H&S Target 23370 reached.
25000 to 23360
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