May 4, 2014

Possible H&S formation in NIFTY

There is a possible H&S formation in NIFTY...

The left shoulder is formed and so is the head. What is now required is formation of the right shoulder. So this calls for a small rally which would be a sell on rise.

Break of 6640 would then lead to a correction to atleast 6400.

Comments welcome....

No comments:

Post a Comment