Inverse Head and Shoulder on Nifty Nifty 50 IndexNSE:NIFTYTradersArenaNifty appears to be forming an Inverse Head & Shoulders pattern on the daily chart, a structure that can signal a potential reversal after a corrective phase. The index has created a higher low on the right side of the pattern and is now attempting to move above the descending neckline. A sustained close above the 24,400–24,500 zone, along with a reclaim of the 200 EMA, could strengthen the bullish structure. The pattern remains valid only as long as Nifty sustains above the right-shoulder support zone. A decisive breakout and follow-through above the neckline would be important for the move towards the higher targets. This chart is shared purely for educational and informational purposes and should not be construed as investment or trading advice. Please use appropriate risk management and conduct your own analysis before taking any trade. Rohit Mohan Dhanani | KRID Capital SEBI Registered Research Analyst: INH000020855 BSE Enlistment No.: 6608 If this is the kind of analysis that adds value, You're welcome to join our community where we share such analysis and opportuinities regularly - https://chat.whatsapp.com/BsxD41IlRZRIXrLzsniLOO Please Refer https://kridcapital.in/disclosures/ for additional disclosures and disclaimers.