Watch out for Nifty head & shoulder pattern

There might be good short opportunity in Nifty once the shoulder of the pattern is broken. The first target could be the nearest gap at 12400

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Price is testing the neckline after making a new high. Divergences are visible in many momentum indicators. Below 12740, downward pressure will increase.

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The pattern turned into an expanding channel today.. Short once price breaks 12750 with a strict stop loss