Nifty - Weekly Head and Shoulder view
Analysis
Trade Plan
Stick to swing trades if going long, it's ok to book profit early - we are not in a trending market anymore.
Try to short on confirmation, save a big chunk of your capital to go long at 21800 levels
Good luck, Happy trading!
- Nifty futures as of now has completed the weekly Head and Shoulder Pattern. A weekly close below 23900 will confirm this
- A downside target of 11% can be projected, with coincides with the election panic low of 21265
- This view will be invalidated if Nifty closes above 25000
Trade Plan
Stick to swing trades if going long, it's ok to book profit early - we are not in a trending market anymore.
Try to short on confirmation, save a big chunk of your capital to go long at 21800 levels
Good luck, Happy trading!
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