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Head and Shoulder Pattern in process?

Nifty 50 Index (NSE:NIFTY)  
dr_strategy  
NSE:NIFTY   Nifty 50 Index
Trend Analysis Chart Patterns Wave Analysis nifty50 niftytrend NIFTY niftyoutlook niftyanalysis
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trendanalysis chartpattern waveanalysis nifty50 niftytrend nifty niftyoutlook niftyanalysis
May be there is a Head and Shoulder Formation in process in Nifty on Monthly Charts. Neckline comes around 10039. If this 10000 odd levels break, then the target can be 9000 in Nifty!
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