Thursday, August 20, 2009

Update on Head and Shoulder pattern in nifty

As pointed out by rajandran sir on breaking of neckline at 4380 nifty could find support at4340 levels which is neckline of larget head and shoulder pattern.


Update at EOD


  1. hi renu,
    does todays bounce to 4475, mean head and shoulder pattern has failed once again?