As we can see NIFTY after its breakdown has been hitting its resistance which previously acted as a great support for a long time but finally we can see a strength and we can also see more like an inverted head and shoulders pattern which is also showing strength in bigger time frame! For confirmation we can wait for 16850 which is a strong resistance as this had already activated as a strong support previously to break and this level break would also give break to the trendline which had been followed since last month