possible Head & shoulder pattern

15 May

there is a possibility that nifty smallcap 250 can for a head and shoulder pattern here, which can bring it down by total of 11%, and 7.7% after the formation gets completed. It is very likely that the market will not complete this pattern, but just for awareness and availability of different perspective I wanted to post about it.

also, please do not take any decisions too quickly based on this as patterns are for very short term but in the long term I'm still very bullish on the midcap and smallcap index.