Showing posts from May 21, 2016

NIFTY - Inverted Head & Shoulder is making...

NIFTY (7750)   Posted on 03rd June 2015 and said  " Down side support  8000-7950 trade and stays below that  ULTIMATE DOWN SIDE TARGET 6950--6800"  the said Target of  6950-6800 met not one time but two times in Feb 2016 and after that 1166 points rally happened and time being topped out at 7992  in April 2016 ( that was the previous support 8000-7950, now it became resistance)  and  now correction is going on  *** Now what next ?  See the below chart with our marking Inverted Head & Shoulder is making.... Already full neckline formed around  8000 Right Shoulder completed  around 7500 Head completed around 6800  Now once it comes around 7600--7500 then the Left shoulder going to be complete after that, can expect , going to retest the neckline of around 8000 after making small correction of 100 to 200 points  Breakout going to happen above  8000 decisively then the real crea