Nifty Strength is getting weak. Expected to fall.
More over 75% of the stocks almost reached more than 150 - 200%. so this will expect to fall.
Even if nifty breakout done upside that may be the trap for retail traders. After the breakout nifty may fall.
Scenario 1: ( Triangle Pattern )
If M_M Price forms Descending Triangle pattern. Then is a Chance for Break out @ down side, If So
Then the Entry Price Should be730
1st Target is 681.25
2nd Target is 663
Stop loss is 742
Scenario 2: (Cyclic Double bottom )
If The price Breaks above 781
Then the entry price is 781 after retesting the Zone from 798.