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NandanChaturvediTrade

Nifty going for a head and shoulders formation

Short
Nifty 50 Index (NSE:NIFTY)  
NandanChaturvediTrade  
NSE:NIFTY   Nifty 50 Index
Head and Shoulders nifty50 BANKNIFTY headshoulders head_and_shoulder HEAD headandshouldersformation breakoutsignal downtrend down
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headandshoulders nifty50 banknifty headshoulders head_and_shoulder head headandshouldersformation breakoutsignal downtrend down
Nifty is forming a descent Head and Shoulders pattern and on a verge of breakdown.

From the current levels, if it breaks down, 17300-17350 is quite achievable.

Kindly note that this is not a trade idea and only an observation for study purposes only. Do you own diligence before investing.


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