For Long term Targets of 1250-1290 - it should go below 1485-1500 zone as second layer of confirmation point.
Opens gap up at 1590 &Makes high for the day 1630 looks like Right Shoulder formation started.
Turns from 1643
Right Shoulder looks like done in the zone 1650-1660 zone. We are still taking this as H& S pattern as it failed exactly at tops of 1660 & did not give close above that level.
Abhishek H. Singh, CMT
India Regional Manager
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ