Nifty going for a head and shoulders formation

Nifty is forming a descent Head and Shoulders pattern and on a verge of breakdown.

From the current levels, if it breaks down, 17300-17350 is quite achievable.

Kindly note that this is not a trade idea and only an observation for study purposes only. Do you own diligence before investing.


BANKNIFTYbreakoutsignaldowndowntrendHEADhead_and_shoulderHead and Shouldersheadandshouldersformationheadshouldersnifty50

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