Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

Possible Head and Shoulders Pattern in Nifty

7 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
Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

Nifty and BankNifty 90 min charts update for 16th…

Nifty turns to sell mode on 90 min charts with trailing resistance coming near to the 5500. Similarly Bank Nifty too in sell mode...
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Nifty turns to buy mode with cloud supports coming near to 5460-5470 zone. And Bank Nifty still in sell mode with resistance near 10900....
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0 Replies to “Possible Head and Shoulders Pattern in Nifty”

  1. 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 ?

  2. Sir I have brought 2000 RNRL @83.9 what should i do?. I have also Welguj.@225.2 Qty 200 shell i hold or book loss

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