Nifty Technical Analysis
Nifty Trading Strategy
Nifty CMP 23453.80
As published in the Nov 15 Nifty Analysis post Nifty Completed the Bearish H&S Target of 23350 range. Today Low 23350.30.
Nov 15 Post Recall : The H&S Bearish Pattern in Nifty may complete/may not complete the Pattern Target 23380/23350 range.
https://indiabusiness4u.blogspot.com/2024/11/nifty-to-hit-24800-bulls-entering-nov.html
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Bulls Heading 24800 Positional View
Nifty Completed the Bearish H&S Pattern.
Expecting Nifty to touch 24800 if continuous trades above 23350 range on weekly closing basis.
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2 comments:
Nifty is showing strong bullish momentum as buyers regain control and prepare for a potential move toward the 24,800 level. Positive price structure, sustained higher highs, and supportive market sentiment indicate strength. Traders should focus on breakout confirmation, manage risk with strict stop-loss levels, and follow a disciplined strategy to capitalize on the ongoing upward trend.
Great to see the H&S pattern playing out so accurately with Nifty hitting the 23350 zone. Now that the bearish target is complete, the bullish outlook towards 24800 looks promising. For better technical analysis, check out Quantzee trading indicators.
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