DineshKBhasin
Short

Nifty Daily inverted Cup & Handle pattern. Handle in formation

NSE:NIFTY   NIFTY 50
152 0 4
Nifty             Daily forming inverted Cup & Handle pattern. Handle is in formation. Handle can form a top around 8422, then suddenly falling, breaking cup floor (7918) and hitting 6815 in a matter of 3-4 trading sessions. Similar inverted Cup & Handle pattern was formed between Oct             2014 - Aug 2015; however, it failed immediately as price action went above cup floor support of 7940. it further made low of 6825 but it took it almost 5-6 months. If this time considering the circumstances post #Demonetization, we can expect a sharp move.
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out