Nifty Topping Head & Shoulder Pattern, Time to be ALERT!
Sep 03, 2025
Nifty is showing technical analysis pattern of topping Head & Shoulder. Prices have tested the support zone of 24337 – 24420 multiple times and bounced from there.
Will Nifty Crash from here?
If 24337 is taken out we can expect sharp move on downside is plausible.
Elliott wave analysis – Nifty has been struggling to move up and prices are giving away all the gains it made in month of August.
We can see topping H&S pattern which will become active if the support near 24420 followed by 24337 is broken on downside. This gives conservative target of right shoulder projected down to 23620 and aggressive target of Head projected on downside near 23250 levels.
Do note that this pattern will become active only on breach below the neckline support.
As per Neo wave prices might have completed wave e of Extracting triangle and can move lower until 23rd September 2025 as per Hurst’s Time cycle as well.
Advanced methods of technical analysis that helps in forecasting is now in sync with orthodox technical analysis method. This view will remain valid unless prices move back above the right shoulder near 25100 – 25200 levels.
AK Indicator – This indicator is made by me and helps to understand strength of the trend. As of now all the 3 lines are deviated which suggests the trend is weak in either direction. Once all the 3 lines are joined together on downside a strong move or trend can be expected.
In a nutshell, by combining simple methods of price action pattern along with forecasting tools of Neo wave, Time cycles it is plausible to forecast market with an edge of time. This is science of probability and works even on short term scalping to long term investment perspective.
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