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Indeks Nifty 50
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Bearish Pennant Nifty50

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Nifty50 forming Bearish Pennant, the first curve is bigger than the second and the third curve is smallest as nifty is showing threshold and strong resistance above 9300 levels forming a small third wave, will complete the bearish pennant to drop to 7500 level.
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Nifty at 9200 level, Expect it to reach 9300 level and fall. as per the purple line
Nota
9380 will the the strong resistance before the downward trend. support at 8780 now
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Target exactly on point, target reached at 9343 HIGH, completing the third purple line top curve. Traders can initiate short positions now.
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Rally continued to exactly to my number of 9380, as posted in comments. :) now looking for a reveral. 9380 will still act as a strong resistance. Bears have entered the market....

BEARS BEARS...
Chart PatternsTechnical Indicatorsnifty50niftyindianiftytrendTrend Analysis
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