As per the Analysis of the NIFTY 50...

Head and Shouler Breakdown happened Today and now wait for the Retest or Pull Back.
on Weekly Chart there is an Evening Star with Confirmation of the System.
Also, if Nifty bounces around 0.618 of the Current Swing, it would be the perfect setup for the Upside for the Flag Target.
Beyond Technical AnalysisChart PatternsTrend Analysis

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