Head and Shoulder pattern in NIFTY - July Expiry crucial levels

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NIFTY is making a head and shoulder pattern in 15 min TF.

Scenario 1: If it breaks and sustains the neckline and 16558 level, possible targets on lower side would be 16517, 16483 and the gap can also be filled after that.

Scenario 2: If NIFTY bounces back from the neckline making a hammer in 15 min, possible targets on upper side would be 16707, 16752 and 16800.

Learn & Earn,

Dr. Tanya Kumar