Continuation of Nifty H&S pattern breakout on 15min tf
Last week I posted about a Head and Shoulder pattern formation in the Nifty chart of 15mins time frame. Amidst all the bearishness available throughout the market, this pattern had not hit its Stop Loss which is generally the low of Right Shoulder.
Today's swing low narrowly escaped the right shoulder low of 19450. Now, from that low, prices have bounced by almost 170 points. See the chart post for more details.
Power of sticking to 1 pattern. Go deep and not broad in stock market. You MUST be the expert in any one thing to make a killing here.
Today's swing low narrowly escaped the right shoulder low of 19450. Now, from that low, prices have bounced by almost 170 points. See the chart post for more details.
Power of sticking to 1 pattern. Go deep and not broad in stock market. You MUST be the expert in any one thing to make a killing here.
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