TOMORROW IS A CRUCIAL DAY!
LONG=NIFTY IF IT BREAKS ABOVE THE NECKLINE 11144 OF INVERTED HEAD AND SHOULDERS THEN IT WILL GO TO 11635....PROBABLY GOTO 11200(200 DMA) AND COME BACK TO 11144..BEFORE GOING UP TO 11635
FIRST CLUE THAT THE ABOVE WILL HAPPEN WILL BE IF 11085 IS BROKEN ON THE UPSIDE.(61.8% GOLDENRATIO OF TODAYS DOWN RETRACEMENT)..THEN PROBABILITY IS MORE THAT THE INVERTED HS WILL BREAKUP!
LONG=NIFTY IF IT BREAKS ABOVE THE NECKLINE 11144 OF INVERTED HEAD AND SHOULDERS THEN IT WILL GO TO 11635....PROBABLY GOTO 11200(200 DMA) AND COME BACK TO 11144..BEFORE GOING UP TO 11635
FIRST CLUE THAT THE ABOVE WILL HAPPEN WILL BE IF 11085 IS BROKEN ON THE UPSIDE.(61.8% GOLDENRATIO OF TODAYS DOWN RETRACEMENT)..THEN PROBABILITY IS MORE THAT THE INVERTED HS WILL BREAKUP!
Trade active:
TOOK SUPPORT ON THE RIGHT SHOUDER LOW...ALL SET FOR A RISE TODAY ON 30 AUGUST
SO 1.BUY WHEN THE NECKLINE IS BREACHED STOPLOSS FOR NIFTY IS 41 POINTS AND BANKNIFTY IS 100 POINTS...ALL THE RATES ABOVE ARE SPOT RATES...ALL THE BEST