Friday, June 12, 2015

NIFTY - Head & Shoulder Top

Hi Friends,

Nifty has been sliding down ever since it touched 9100. This is a channelized decline. It seems to be a complex correction in WXY.  
NIFTY - Head & Shoulder
Nifty has formed a Head & Shoulders Topping Pattern. Currently it is hovering around the neckline near 8000. If it sustains below 8000 we may see a further decline to 7600 and even more to 7300 in future.

Thanks & Regards,

Harsh Dixit.