Now to the Analysis,
You never understand a movie by missing a half of it, so don't miss it
THE LONG AWAITED YEARLY ANALYSIS ON NIFTY IS BEING PROPOSED & the same is gaining attention of all fellow trader. why miss your seat. check it out here,
After that do revisit this ANALYSIS,
Each & every trader will definitely find this analysis compelling to read & understand
The NIFTY has reversed from its 2015 LOW's & the important idea here is that the upward move is definitely not an impulsive rally, it is corrective in nature - which opens the gate for varied options as has described in the Wave Principle. The corrections at initiation of the trend have been classified as a Triangle.
Trade Accordingly at each levels of individual waves & at this point....
Thanks for your time
Dinesh -Senior Technical analyst
LeadBrains FSL - http://www.mytradingcourses.com - Trading education & Training firm
we hope that the pattern that you had mentioned in the daily frame hasn't formed the other shoulder after Z ( head 0 have been incomplete and hence it cannot be classified as H&S Pattern in the daily chart but however the stroy in the weekly charts are quite different that it clearly shows an inverted H&S pattern which do signify the reversal & which is what happening current now...! happy Trading
We appreciate your concern on this & your relationship with us....
Looking forward to help....feel free to ask
i have mentioned things about the patterns( exclusively for you) in the video. do check the link
For now, Nifty long positions can be initiated above 8270 for targets of 8336 and 8380 to Cover the August - September '15 Gap. Below 8270 we target 8230 and 8207.
Recommendation for the Nifty is long, there are stocks to consider in the BUY such as HDIL, NTPC , KCP , Triveni.