Nifty Making Inverted C&H Pattern

38
Trend at short term : Negative
Trend at Long term : Negative

Current View: At the last support zone , alarming point.

Indian Major Index Nifty 50 making Inverted C&H pattern, whereas the neckline is about to be breached.

This is the 5th time it has knocked to the support zone ( 15400-15700 ) as shown in picture, and this time its is looking scary

as the increasing WTI crude oil price and Russia Ukrain War does not look to end soon , scares me out . I will be exiting my full portfolio incase Nifty gave any day closing below 15450 ,

My Immediate target in that case ( after breaking down of 15450 ) will be 14100 and 13100.

Clause de non-responsabilité

Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.