Nifty on the 1 hour time frame is forming an inverse head and shoulder pattern. Confirmation will come if Nifty crosses the 15900.
On a break above 15900 the pattern target is 16300.
If Nifty fails to hold 15500 on hourly closing, then the above pattern becomes invalid.
On a break above 15900 the pattern target is 16300.
If Nifty fails to hold 15500 on hourly closing, then the above pattern becomes invalid.
Trade closed manually:
pattern failed