Rajandran R FollowCreator of OpenAlgo Sketchmaker, RagZ. Building GenAI Applications. Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Now the recent curiosity on building Trading AI Agents.
Possible Head and Shoulders Pattern in Nifty
6 sec read
Nifty hourly charts shows the formation of head and shoulders pattern with head forming around
4700 and Shoulders around 4600 zone with Neckline supports at 4350. Target line is at 3900
Related
Rajandran R FollowCreator of OpenAlgo Sketchmaker, RagZ. Building GenAI Applications. Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Now the recent curiosity on building Trading AI Agents.
3 Replies to “Possible Head and Shoulders Pattern in Nifty”
Sir i have earlier made loss in Provogue and then recently in Glenmark. But again sir on yr recommendation i entered in Glenmark… ? Now what should i do ? Should i exit once again ?
Sir I have brought 2000 RNRL @83.9 what should i do?. I have also [email protected] Qty 200 shell i hold or book loss
Glenmark is a trade with strict stop loss of Rs 240 as i mentioned in my gupshupblog
Sir i have earlier made loss in Provogue and then recently in Glenmark. But again sir on yr recommendation i entered in Glenmark… ? Now what should i do ? Should i exit once again ?
Sir I have brought 2000 RNRL @83.9 what should i do?. I have also [email protected] Qty 200 shell i hold or book loss
Glenmark is a trade with strict stop loss of Rs 240 as i mentioned in my gupshupblog