Suri
Short

Nifty - interesting complex head and shoulder formation

NSE:NIFTY   Nifty 50
229 2 3
200 points correction possible?
lot of gaps to be filled....
Comment: Trade active...nifty has reached a critical level....make or break?
Comment: Nifty congestion below neckline as bulls retest the zone....will Sept see a mini meltdown....short trade still active...
Neckline not broken as of now...and Nifty moving higher from support levels...but remember once H&S formation is clear on the charts....the bear run is not far away.
Reply
Agree with your views, but question is of time, as correction is very much overdue anytime and any extended time may either result into some sudden crash.
+1 Reply
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