Head and Shoulder break 15 min chart Short

Nifty 50 IndexNSE

Description

⋅ Feb 28, 2017 3:47 AM

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