Is Nifty 50 Forming a Head & Shoulder Pattern?

24 thg 4, 2018

The Nifty 50 Price Index has already formed the Left Shoulder and the Head completely. Now to confirm this patter just wait for the price to form and complete the Right Shoulder as well. If this pattern fully completes, then there will be a huge sell off in the market and the 9000 price mark might be tested thereafter. The price did also break the Trendline and retested it. In the alternate scenario if the price starts shooting up and does not completes the Right Shoulder then this pattern will be considered Invalid.

All my views are just technical analysis , no fundamental or sentimental analysis are taken into consideration.
Happy Trading ;)