Pattern_Study

Nifty - Rally for Reverse Head and Shoulders Topped

Short
NSE:NIFTY   Nifty 50 Index
Reverse head and shoulders pattern had depth of 1129 points to the head from base. This meant push of 1129 points from base to further up which comes up to 13297.

Nifty seems to have topped at that level and coincidentally that the level of resistance line Nifty has been following since Covid times.

Any closing below 13297 shall open Nifty up for fall to 12400 levels by Dec end.

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