Another Nifty Analysis

Look at the picture



Are we seeing an inverse Head and Shoulder pattern emerging in Nifty?!!!
I am a little impatient to put forward my thoughts way before ......but alas I can't wait to say.....its my fault.....lols
However its just a advancement towards it not a established H&S pattern. So we have to wait to break the neck line of 8049.....and if it pans out the way we expect then the target could be 8540
However the market sentiment are not so conducive .....and also the volume too.
But we can not ignore the possibilities of nifty to bounce back by next weak ahead of RBI credit policy.
At least we can see the filling of Gap created in August i.e. 8290
Not to mention if the lower side i.e. 7555 is broken we can witness lower low pattern


 lets see only the time will tell
Market is subject to risk








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