Índice Nifty 50Viés de baixa
A Head & Shoulder Pattern on Nifty - Refer to my previous post
In Continuation to my last post on Nifty yesterday, i.e. 7th Nov 2024, we can clearly see the weakness in Nifty that is prevalent.
A Head & Shoulders pattern is developing on the 4H chart.
Clearly, the buyers aren't able to sustain momentum and this typically is a sign of overvaluation.
While there may be sharp rallies to the upside, these will most likely get sold into.
I have marked the levels on the chart. My Targets are mentioned in the earlier post.
Short Target-1 on Swing basis - 23,550.
Further this might also break and try for a retest and we could finally come down to 23,375 - 23,400 levels.
Stay tuned and trade responsibly!
A Head & Shoulders pattern is developing on the 4H chart.
Clearly, the buyers aren't able to sustain momentum and this typically is a sign of overvaluation.
While there may be sharp rallies to the upside, these will most likely get sold into.
I have marked the levels on the chart. My Targets are mentioned in the earlier post.
Short Target-1 on Swing basis - 23,550.
Further this might also break and try for a retest and we could finally come down to 23,375 - 23,400 levels.
Stay tuned and trade responsibly!
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.