Nifty making Head & shoulder pattern|short nifty on right shlder

12 Jun 2023

Hello Traders,
Nifty is making head and shoulder kind of pattern in 15 mints, still right shoulder has to form, but according to SGX Nifty it is going to gap up opening today,,so once this gap up opening will execute that will touch right shoulder, and i think smart money will play short bet at that levels.

Perfect Entry Levels to short:- Short on right shoulder range of (18585-18625) I think nifty will open somewhere here according to SGX Nifty.
Stop loss:- if something goes against to our analysis then stop loss will act as capital saver so keep stop loss at 18719
Target:- First target 18550, 2nd target 18485

Disclaimer:-Always consult with your financial advisor before initiating any trade And Always trade with stop loss to save capital erosion from unexpected direction trades.

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