Rising wedge breakdown on nifty if 4575 not held then it could target 4460.
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Asending triangle forming in nifty , if 4612 takenout with volumes nifty could target 4662.
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Renu Ji..
ReplyDeleteappreciate ur analysis...ur a gem in technical analysis..!! keep going..
as u mentioned above if nifty breaks 4575 it will go to 4460..
at 12.10 pm nifty has made a head and shoulder.. with a target of 4568.. which states it will break ur 4575 level..
support ur view
hi yash sorry not able to see any head and shoulder pattern on nifty as of now but could see triple top at 4612.
ReplyDeleteone thing more rising wedge pattern got invalidated as nifty again touched 4612.
ReplyDeleterenu ji just see the chart between 10.45 till now.. u will see a h & s pattern..
ReplyDeleteand if the H & S pattern is right.. its target is 4568...
ReplyDeletecompared to that... todays day low is around 4562... and if that ws broken.. then we may see 4502... today...
support ur view
yash could you tell me the point of head and one of the shoulder.
ReplyDeletelest shoulder top 4603 and
ReplyDeletehead is at 4611... days high.. or say double top... and
right shoulder top is at.. 4598
yash that pattern got invalidated now as nifty has moved above 4600.
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