Hi all,
as per my earlier updates Nifty had created an inverted HNS pattern (http://hrishikeshprabhavalkar.blogspot.in/2015/05/inverted-hns-beakout-bulls-are-back.html) on daily charts, which is a bullish sign. As mentioned in that markets have now corrected a bit and are trading near the neckline of the pattern near 8270-8250...
This offers a nice buying opportunity with very small risk....
Please find below the chart for the event...
Regards
Hrishi
as per my earlier updates Nifty had created an inverted HNS pattern (http://hrishikeshprabhavalkar.blogspot.in/2015/05/inverted-hns-beakout-bulls-are-back.html) on daily charts, which is a bullish sign. As mentioned in that markets have now corrected a bit and are trading near the neckline of the pattern near 8270-8250...
This offers a nice buying opportunity with very small risk....
The short term bias will continue to remain
positive till the time markets are above 8080-8100 levels, for midterm bias
8000-7950 are crucial levels to watch out for
Regards
Hrishi
No comments:
Post a Comment