Possibility of head and shoulders forming in Nifty 50 Chart

Looks like the Nifty 50 chart has got head and shoulders pattern forming but it isn't confirmed yet. The world markets being bearish could lead to the completion of the right shoulder. Nifty came down to 14900 to test the trendline and it successfully closed above it. Currently, the view is neutral, making this trendline decisive to know the further trend. Let's hope tomorrow the market takes support and moves upwards :)

This is not an investment suggestion, just my view on the market. There is no certainty this would happen.

Trade fermée manuellement