Too soon to comment but is Nifty forming an inverted head and shoulder on a daily chart? There is significant down trend. Then there is a shoulder and Head already formed. Let's see how it pans out in the coming days.
Note: Do not exit your portfolio stocks just because there is a shooting star candle seen on a daily chart. There are always different ways to look at something.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.