Nifty 50 Index – Chart Pattern Analysis - 8th Oct., 2025Nifty 50 IndexNSE:NIFTYChartPathikNIFTY Nifty 50 Index – 5min Chart Pattern Analysis A "Head and Shoulders" pattern has just triggered a breakdown on the Nifty 50 intraday chart, signaling a bearish reversal from recent highs. Pattern Structure & Trade Logic Pattern Breakdown: Price has broken through the neckline (support level) near 25,115 after forming two shoulders and a prominent head at the top. Breakdown is confirmed by a strong bearish candle and increased volume. Targets: The measured move (distance from head to neckline) gives a projected downside to around 25,014, suggesting a short trade setup. The distance marked in blue identifies this 0.41% drop as the initial target zone. Trade Plan Entry: Short initiated on the break below 25,115 after the pattern confirms. Stop Loss: The stop is placed above the right shoulder at 25,150–25,164. This prevents losses if the breakdown fails and price retraces. Target: Main target at 25,014, roughly matching the pattern’s measured move and prior demand. Pattern Psychology Bearish Implication: The head and shoulders signals exhaustion of buyers and initiation of a corrective phase; volume confirmation adds trade conviction. Risk Management: The setup allows for tight risk control relative to reward (target zone).