SGX NIFTY- Above 18k Inverted H&S Breakout!
Attached: SGX NIFTY Daily Live Market Chart as of 27th April 2023
Price has put in a Clean Inverted Head & Shoulders Breakout signaling further Upside from here and BULLs in the Driver Seat!
I have used Fib Extension Ratios of
3= 1
3= 1.272
3= 1.618
to get Upside Targets for this Rally
The Inverted Head & Shoulder Measured Pattern Target comes at Target 2 in the Chart which is approx. 18950
On a Further Note, Price has also cleared all the Overhead Supply in the form of Anchored VWAPs and so the Path is Clear for SGX NIFTY to rocket upwards!
Stop Loss/ View Invalidates below 17600
Price has put in a Clean Inverted Head & Shoulders Breakout signaling further Upside from here and BULLs in the Driver Seat!
I have used Fib Extension Ratios of
3= 1
3= 1.272
3= 1.618
to get Upside Targets for this Rally
The Inverted Head & Shoulder Measured Pattern Target comes at Target 2 in the Chart which is approx. 18950
On a Further Note, Price has also cleared all the Overhead Supply in the form of Anchored VWAPs and so the Path is Clear for SGX NIFTY to rocket upwards!
Stop Loss/ View Invalidates below 17600
Siddharth Bhansali
✔️Twitter Handle @T_Harth
✔️Twitter Handle @T_Harth
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