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BullBearBets

Pure Bearish form of Nifty

Short
Nifty 50 Index (NSE:NIFTY)  
BullBearBets  
NSE:NIFTY   Nifty 50 Index
Trend Analysis Chart Patterns Technical Indicators NIFTY nifty50 niftyanalysis niftytrend niftyindia niftyprediction niftyoutlook niftyview niftytradesetup
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trendanalysis chartpattern indicator nifty nifty50 niftyanalysis niftytrend niftyindia niftyprediction niftyoutlook niftyview niftytradesetup
Here I am mentioning 3 possibilities for Nifty 50.
Scenario 1: if Nifty breaks down to 16400 - 16300 to reverse, then it is an Inverse Head and Shoulders.
Scenario 2: Nifty May drop to 15500 around to form a double bottom on weekly and then reverse.
Scenario 3: This is worst of all, if nifty drops to 14200 then it confirms a Megaphone pattern.

Overall Nifty is in the corrective territory.
GK_Cheerla
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