This is a personal analysis, no trade is recommended.
Nifty50 looks as if it may be forming a bullish head and shoulder for the short term. If the pattern is formed, the entry should be above the neckline. Since the pattern is not fully formed, so, the bullish head & shoulders is not confirmed.
The price zones are marked on the chart entry with small risk is possible now. SL is marked on chart
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can also be viewed as - triple bottom. - RSI divergence