Nifty - Inverted Head and Shoulder ?

3 Ara

Nifty chart showing 2 months of support formation with inverted head and shoulder pattern. Its not a 100% exact pattern but its sure formation. price was pulled and pushed by various forces. Its major and last support for Nifty seeing bottom formation. But RBI policy will decide the fate of Nifty and complete market this week and month. No one is confident of RBI cutting rates in few days. But if RBI cuts rate even by smallest figure will be taken as positive and we can see 1000+ points In Nifty and broader market upside move. If else bearish to flat and not sure how far this could fall. Its not covid or WW3 to sell off but a dull market for long term investment.