Daily charts:
- trend is up on daily charts
- today nifty closed 1.2% in positive at 11168
- AD was 13:5
- breakout from 3-4 month range has been on upside
- is H&S pattern over?
- note that it was being formed and confirmation was break of 10000
- so far this has not happened
- bearish tristar was seen last week
- no confirmation this week so we ignore this
- swing low support 10600
- option writers bullish that 11000 will not break this series
5 min charts:
- covered shorts (positional) and traded long in first/ second bar
- still long
15 min charts:
30 min charts:
- trend is up on daily charts
- today nifty closed 1.2% in positive at 11168
- AD was 13:5
- breakout from 3-4 month range has been on upside
- is H&S pattern over?
- note that it was being formed and confirmation was break of 10000
- so far this has not happened
- bearish tristar was seen last week
- no confirmation this week so we ignore this
- swing low support 10600
- option writers bullish that 11000 will not break this series
5 min charts:
- covered shorts (positional) and traded long in first/ second bar
- still long
15 min charts:
30 min charts:
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