NIFTY - Inverted Head & Shoulder is making...














the said Target of  6950-6800 met not one time but two times in Feb 2016 and after that 1166 points rally happened and time being topped out at 7992  in April 2016 ( that was the previous support 8000-7950, now it became resistance)  and  now correction is going on 

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Now what next ? 

See the below chart with our marking










Inverted Head & Shoulder is making....

Already full neckline formed around  8000

Right Shoulder completed  around 7500

Head completed around 6800 

Now once it comes around 7600--7500 then the Left shoulder going to be complete

after that, can expect , going to retest the neckline of around 8000

after making small correction of 100 to 200 points 

Breakout going to happen above  8000 decisively

then the real cream of 1000-1200 point rally going to happen 

target of 9000--9200.


All these process going to happen another 6  to 12 months time frame.





***


Above is my understanding , 
so for, how Nifty behaved and 
how it will going to behave (pan out).

 Let us see , 

what will going to happen in coming months...





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