AMIVIJAY
Long

INVERTED HEAD & SHOULDER IN NIFTY SPOT

NSE_EOD:NIFTY   Nifty 50
43 3 0
Do not play for H&S pattern target of 8700 as target may be restricted to 8426-8437
Ur EW wave 4 cannot enter wave 1 !! Major rule in EW !!
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AMIVIJAY AnbHfund
Thanks for taking time to give feedback.
Infact the markings you have seen are the numbering for TOPS & BOTTOMS of a DESCENDING WEDGE.
MY EW VIEWS ARE FOLLOWS:
https://twitter.com/VijayKKaranam/status/598730006391427072
+1 Reply
AnbHfund AMIVIJAY
Well good analysis on NIfty but look at charts on monthly - a contracting triangle !! Just developed but similar to spx500 !! Will post that as well !!
We were long on Nifty for targets of 10000 + by august but now it seems impossible !!
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