NSE:NIFTY got stiff resistance around 11860 levels, moving above head of hypothetical pattern will make the pattern invalid and holding above it for sometime will only push stock towards 11935/65/00 levels. If the H&S pattern comes into action, index may fall towards neck line of the pattern and if breaks and hold below neckline may push further down towards 11450...
Well, the whole world has bearish sentiment towards market, and I am giving long ideas here. So, manage trade accordingly. Buying as close to sl is recommended.
Levels, mentioned on the chart.