Nifty: Inverted Head and Shoulder pattern
Nifty has formed an Inverted Head and Shoulders pattern on the hourly chart, and the price has been trading above the neckline of this pattern. Based on this formation, it is anticipated that the index will move higher in the near term. Resistance is currently situated at 19,700, and if the price continues to trade above this level consistently, it may propel the index towards 20,000.
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