Will Nifty IT Continue the pattern for 8800 as Targets ??

For Last 2 years NiftyIT is in a pattern where it Falls then Retraces 0.618 then moves back to 1.27 extension of the previous fall, Currently Nifty IT is at a very crucial point as it is at 0.618 retracement and at a long term downtrend line...

Shorts can be made for the targets of 8800...