Nifty Futures Trading

[rajuwaste]

Head and shoulder pattern in nifty 5 minute chart ?????

 

[milind]

Head and shoulder pattern in nifty 5 minute chart ?????

Don't see a H&S on 5. Possibly a double top, but on 1m. Confirmed if breaks down below 2960

 

[Sunil]

Head and shoulder pattern in nifty 5 minute chart ?????

Draw a TL joining yesterday's HOD & today's HOD (till now)....

If this TL is not broken now, then we might have an attempt of descending triangle, with neckline at LOD

 

[rajuwaste]

Don't see a H&S on 5. Possibly a double top, but on 1m. Confirmed if breaks down below 2960

I am not expert in chart pattern but it seems so for me.

 

[myvineet]

but raju..where is neckline of this h & sh. acc to you ???

 

[praveen taneja]

2900 PE now at 19. Praveen ji hero ban gaye phir se ....

What wud Nifty downside tgt be now that it has broken 2940 spot?

sold at 22 now waiting for last day tomm

 

[rajuwaste]

Another Head & shoulder attempt if the formation is completed then target is today's low.

 

[praveen taneja]

Shares bought on 26th March, 09 cannot be sold on 27th March, 09. Also shares bought on 31st March, 09 cannot be sold on 01st April.

 

[rajuwaste]

Remember last year's(31.12.2008) close of nifty spot is 2959 that is why the tough fight between bulls & bears.

:rofl:

 

[metushar]

When will this H&S form...getting impatient in expiry time.....