Member's Post – Inverted head and shoulder Nifty (India)

In the current scenario Nifty is forming an inverse H&S near the support of 200-SMA, which means that if Nifty manages to hold the recent low of 4675 and breaks above the neckline valued at 4930, a rally of 1000 odd points in Nifty from thereon within a quarter or two will not surprise me.

Dharmesh Patel