Head n shoulder which formed in Nifty took us to the levels of 5200, now ita crude. Lets see how it goes. Thanks for ur input.
Also, If u look into the chart we can see a head n shoulder pattern formed in 7200 levels, I see the neckline as 7200 levels and head as 7700 levels, so when 7200 broke out last week it brought us to 6800 levels which is a 400 points down side movement same as the hieght of the head.
Now after reaching 6800, it formed a even more clear H n S pattern.
Also, If u look into the chart we can see a head n shoulder pattern formed in 7200 levels, I see the neckline as 7200 levels and head as 7700 levels, so when 7200 broke out last week it brought us to 6800 levels which is a 400 points down side movement same as the hieght of the head.
Now after reaching 6800, it formed a even more clear H n S pattern.