1. Nifty Has been Making 1-0-0.618-1.414 pattern for last 7 months, Check chart.
2. Head And Shoulder Pattern in the Making.
3. Will Look For 8050, 8120 as Short Opportunity for 7300 as target..
The pair shows a nice reaction off the weekly trendline after creating a double bottom at the 45.35 Level
We have already seen a large weekly bullish engulfing candle, providing conviction that the level is holding.
Targets fall at upper resistance 56.56