Nifty target 6900 H&S

Nifty has formed Head and Shoulder pattern and target of 6900 can be given for this breakdown.


Jatinder Singh Sodhi said...

i have also tried to chart it from last few days. actually its like a complex h&s with two LS(left shoulder) and two RS(right shoulder). yesterday it seems to have started its decline from the second RS. and your target of 6900 seems bang on!

yagnesh said...

I think 7550 is giving good support. However faster it reaches 6900, faster it will restart its journey upwards.