nifty

New inverse H&S in nifty. target is 4850

nifty

Inverse H&S in hourly chart of nifty. It is also seems break out but 4708 is the 61% of current move. So it can break this level.

And another point in this graph shows the GAP. That gap is still not fill.

if price break the level of 61% ie 4708 then target will be- 4780

If price cover the gap and break these level then target will be-4400