After a long Bullish Trend Nifty 50 has formed a Head & Shoulder Reversal Pattern on the Daily Chart with a signaled breakout of neckline with varying degrees of accuracy. After decline the price did not rise again to retest the Neckline breakout level, Hope so there could be high probability that the price may rise/retrace above for retesting of the Breakout Level and moves a distance equal to the distance from the neckline to the head of the pattern to complete the trend. Let's see what's in restore please draw your own conclusions as this analysis is for only Educational purpose from the point of a Novice Trader.
Best Regards,
Best Regards,