inverted head and shoulder pattern
upper blue line is neck line of Inv H&S pattern
nifty may probably test the support of neckline once in 6600-6570 range soon and then may move up again for targets of 7700 near levels
bearish scenario:
a bearish WW is developing as indicated in blue lines
6400 is breakdown level of this pattern as now
IF BREAK BELOW 6400 THEN
may target 5800 in next 2 months
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