Multiple indication of reversal in Nifty !!!

A very strong reversal pattern is visible in nifty intraday charts
i.e. Inverted head and shoulder which indicates that the fall is over
for now and we could see a sweet reversal.

Also, nifty is taking support around the golden 0.618 retracement level which
coincides with 200DEMA.



Reverse Divergence is visible on RSI indicating a fall in the strength of bears.



Yesterday's data also indicates a short covering along with a gap up
probability.