Wave Strategy Home Forums Trader’s Forum Can this be considered a H&S on the daily Nifty

Tagged: 

This topic contains 3 replies, has 2 voices, and was last updated by  Sham Bharwani 3 weeks, 4 days ago.

Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • #180573 Reply

    Sham Bharwani
    Participant

    #180575 Reply

    Sham Bharwani
    Participant

    I don’t know if the volumes are correct on the chart, but it seems the formation is on extremely low volumes so may not be reliable.
    Plus there is +ve divergence on ROC

    #180586 Reply
    Profile photo ofashishkyal
    Ashish Kyal, CMT

    The Left shoulder has to be below the Head which is not in this case.

    #180592 Reply

    Sham Bharwani
    Participant

    OK, and the trendline is also broken

Viewing 4 posts - 1 through 4 (of 4 total)
Reply To: Can this be considered a H&S on the daily Nifty
Your information: