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A bearish head and shoulder potential for Nifty 50
NIFTY
, 1D
Short
NIFTY: A bearish head and shoulder potential for Nifty 50
Updated 

The drawing is self-explanatory. A potential break of the neckline to the downside may bring Nifty towards 21500

A breakout to the upside from an inverse head-and-shoulder patte
NIFTY
, 1D
Long
NIFTY: A breakout to the upside from an inverse head-and-shoulder patte

Possibility of a bullish breakout H&S pattern. So far the left shoulder and the head are formed. The right shoulder is being formed. If a bounce happen and the trendline is broken we may see a big rally to complete this bullish pattern

Nifty 50 in next 6 months
NIFTY
, 1D
NIFTY: Nifty 50 in next 6 months

Predicting a classic head and shoulder break to the downside. Exactly as happened in that circled area

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