Nifty 50 IndexShort
Head and Shoulder break 15 min chart
Head and Shoulder is considered as reliable pattern for identifying trend reversal. And as we can see here head and shoulder pattern broke the neckline. Based on that I expect Nifty to fall to 8850 but prices may retrace to neckline
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.