It seems that NIFTy50 has formed Head and Shoulder pattern and yesterdays freaky Friday broke the shoulder level.
However need to check whether this crash was one off event and whether NIFTY will manage to move up from here.
NIFTY recovered its intra day loss and ended at a good support level
IOC is showing Up Flag pattern which is a Bullish pattern with a nice breakout with good volume.
Target around 470
Also MACD showing a crossover 4 candles before the breakout
(this is just for study purpose, PROs please advice)