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Nifty - Rounding Pattern with Inverted head and shoulder

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Nifty 50 Index (NSE:NIFTY)  
Cfa_Arvind  
NSE:NIFTY   Nifty 50 Index
Trend Analysis Chart Patterns niftytrend niftytradesetup niftyprediction niftyview chartpatterntrading roundingbottom head_and_shoulder
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trendanalysis chartpattern niftytrend niftytradesetup niftyprediction niftyview chartpatterntrading roundingbottom head_and_shoulder
Nifty has recently tested the Budget Day (1st February) Low.

RSI is heading towards north and ready to break the previous high. It shows the strength is bullish.

Nifty has bounced from budget day low with strong base forming bullish chart pattern called Inverted Head and Shoulder.

Nifty is at important level forming a rounding pattern and pattern will activate when it pierce the 17800. We believe in short term Nifty will tend towards 18200.

Buy Nifty above 17800 Spot Market
Add on Dip 17650
Stop Loss below 17600
Target 18000 and 18200
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