DineshKBhasin
Short

Nifty Daily inverted Cup & Handle pattern. Handle in formation

NSE:NIFTY   Nifty 50 Index
185 0 5
Nifty             Daily forming inverted Cup & Handle pattern. Handle is in formation. Handle can form a top around 8422, then suddenly falling, breaking cup floor (7918) and hitting 6815 in a matter of 3-4 trading sessions. Similar inverted Cup & Handle pattern was formed between Oct 2014 - Aug 2015; however, it failed immediately as price action went above cup floor support of 7940. it further made low of 6825 but it took it almost 5-6 months. If this time considering the circumstances post #Demonetization, we can expect a sharp move.
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