Invserse Head and Shoulder pattern
Nifty on the 1 hour time frame is forming an inverse head and shoulder pattern. Confirmation will come if Nifty crosses the 15900.
On a break above 15900 the pattern target is 16300.
If Nifty fails to hold 15500 on hourly closing, then the above pattern becomes invalid.
On a break above 15900 the pattern target is 16300.
If Nifty fails to hold 15500 on hourly closing, then the above pattern becomes invalid.
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pattern failed