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MIDCAP NIFTY forms inverted H&S at crucial Support

Long
Nifty MidCap Select Index (NSE:NIFTY_MID_SELECT)  
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NSE:NIFTY_MID_SELECT   Nifty MidCap Select Index
Chart Patterns Technical Indicators Harmonic Patterns
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MIDCAP NIFTY has formed an inverted Head and Shoulder Pattern at the crucial 10200 Support Zone and is poised for a breakout of 10500 Zone on Monday. A gap-up opening followed by short covering may see a sharp recovery towards 10653 and if it sustains above the Pivot of 10721 may trigger a rally to regain 11000 levels next week itself.
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No follow through. Trade not activated.
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