NIFTY Weekly

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buns404

New Member
#1
#1
Friends,
As indicated in the chart attached, have a look at NIFTY weekly, an absolute H&S pattern which is a reversal pattern is formed. So, consequently we should presume that Nifty will touch the shocking levels of 3200 (AM I DREAMING???).... But thats wht's being indicated in the weekly charts of NIFTY.
Regards,
Mukesh Udasi
 

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ARMHM

Active Member
#2
#2
buns404 said:
Friends,
As indicated in the chart attached, have a look at NIFTY weekly, an absolute H&S pattern which is a reversal pattern is formed. So, consequently we should presume that Nifty will touch the shocking levels of 3200 (AM I DREAMING???).... But thats wht's being indicated in the weekly charts of NIFTY.
Regards,
Mukesh Udasi
Click to expand...
The right shoulder is higher than the left shoulder, so it can not be called a HS pattern.
 
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