5 MIN BNF FORMATION OF INV H&S AND H&S:
Inv H&S breakout above 10400. This would target upto the Upper channel.
Above 10400 it would be a contracting triangle breakout - invalidating the Big H&S formation.
If the H&S pattern works it would target upto 10000 levels.
2 comments:
Hello Satheesh
i can understand the strong resistance @5400, and therefore shorting is a reasonable option. yet, Nifty is not going below 5300 also. once it decisively moves above 5400 on an EOD basis, then we may say that a long can be gainful. here is a consolidation time
kind regards
Thank you for wonderful charts
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