Head and shoulder pattter in nifty also weekly chart of CNX auto

NSE_EOD:NIFTY   Nifty 50 Index
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There is head and shoulder pattern in nifty             weekly chart, So nifty             might retrace the height of shoulder, that is around 7726 . Also as per ABCD pattern nifty             might retrace 7692. Also this would take the nifty             to over sold zone ( RSI ). So this is the time to buy costly stock cheap rate. Also use money management. Buy at every support level .
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