April 22, 2010

NIFTY Hour inverted Head and Shoulders

NIFTY HNS
  • NIFTY reacted from an inverted head and shoulders pattern
  • This price action can move till 5340 and higher.

4 comments:

  1. I agreed with your point of view yesterday...!

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  2. @stocktipsatobeya

    I hope you have made some profit out of this pattern you picked it at the right time yesterday.

    great timing.

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  3. Hi Anoop,

    Thanks for sharing the study. Want to know what happens at the end-shoulder level of this "Sirasasana" ? Is it reversal to regular H&S with low-shoulder as head or formation of another head with the low as shoulder?

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  4. @RG Sir

    first of all welcome to my blog. Thanks for your comments.

    I think a close above 5283 today may result in a gap up open tomorrow. So this inverted H&S can achieve its target tomorrow morning. provided we close above 5283

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