Current Market Price* - 6613 (*at the closing on the date of posting this chart pattern idea)
Target 1 - 6268 Target 2 - 5666
Price has entered the 4th wave in the daily timeframe as per the Elliott wave count -DI is above the +DI and the ADX is above 15 in the Directional Movement Index (DMI)
On the weekly tide too, all indicators / oscillators are favoring shorting
Comment
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I wrote Inverted Head & Shoulders on the chart by mistake It is a Head & Shoulders chart pattern So, please ignore the mistake Thank you @smarttradervikas for pointing out !
it's head and shoulder you wrote on chart that it is inverted head and shoulder
Dhiraj_Ahuja
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@smarttradervikas, Thanks bro...it is actually a head and shoulders, I wrote inverted head and shoulders by mistake, will try and correct this asap, thanks once again for pointing out !!