Indeks Nifty 50

NIFTY will retest this broken Inverted H&S pattern!!

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As we can see NIFTY broke below the psychological level of 25000 and also strong demand zone. Despite breaking below the important demand zone, we can see it also closed below the demand zone making it weaker. Hence, we can expect NIFTY to take support at the breakout level or can be said as the neckline of the inverted head and shoulders pattern so one should wait for NIFTY to take support at the neckline for further reversal so plan your trades accordingly and keep watching everyone.

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