Nifty 50 - What Next?

Oct 18

The chart is self-explanatory. On daily time frame, the index has formed a head & shoulder pattern. If gives a breakdown, it may come around 24000. If gives a bounce back, we will expect to retest the gap area upside around 25670.
What is your opinion, please share if you wish.
This is only for learning and sharing purposes, not a trading advice in any form.
All the best for your trading journey.

Oct 23

Note

Reached first target of 24375. Let's see ahead.

Nov 4

Trade closed: target reached

Target Reached CMP 23996.