here we see inverted Head & Shoulder Pattern. by which we estimate that in upcoming trading sessions..... there is the upward move !!! this estimation based on Price Action and Patterns.
Here we see Descending Flag Pattern in this time frame..... but the Reliance to which Nifty respect highly is on his support.... if reliance bounce back from his support.... nifty goes UP otherwise there is high probability of nifty to go down. let's see !! (LOL MY ENGLISH)
trading setup for 14 oct2020, we see Inverted cup in 5 or 15 min time frame..... if tomorrow in a morning.... there is a brackout in 200EMA. with 5 min frame..... then we short Nifty 50 for 55 points minimum.....
