We have witnessed several Head & Shoulder formations
throughout mid 2015 until date, therefore the probability of the current
head and shoulder formation is over 90%, which clearly suggests that
the current formation of the right shoulder should continue in an
ascending manner within a range of 3.82% which is 285 points.
Therefore, 7985 - 285 Pts = 7700. (7700 to 7985) is the current range
for the Nifty index. This will gradually narrow down to (7800 to 7985)
And (7920 to 7985) before a breakout towards the downside for
-6% towards 7500 handle for the completion of the Head & Shoulder
Pattern.
Technical Analyst :- Jay Khanna JayKhanna@Live.com
throughout mid 2015 until date, therefore the probability of the current
head and shoulder formation is over 90%, which clearly suggests that
the current formation of the right shoulder should continue in an
ascending manner within a range of 3.82% which is 285 points.
Therefore, 7985 - 285 Pts = 7700. (7700 to 7985) is the current range
for the Nifty index. This will gradually narrow down to (7800 to 7985)
And (7920 to 7985) before a breakout towards the downside for
-6% towards 7500 handle for the completion of the Head & Shoulder
Pattern.
Technical Analyst :- Jay Khanna JayKhanna@Live.com
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.