Nifty Making Inverted C&H Pattern
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.
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.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.