Today I am sharing Nifty hourly charts.
Lines shown in blue is a bearish wedge first we got a false break out on 30-april and then a break down on 11-May and then a re-entry on 13 and then fall again. This is just highly volatile. Nifty is dealing in gap up and gap downs. The line shown in red joins the low of 03-April and 12-May which got broken today.
Line shown in yellow shows a head and shoulder pattern break down which gives a target of 8000 with a SL of 9300.
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