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Head and Shoulders in NIFTY50

Nifty 50 Index (NSE:NIFTY)  
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NSE:NIFTY   Nifty 50 Index
Head and Shoulders NIFTY nifty50
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headandshoulders nifty nifty50
NIFTY seem to be forming a head and shoulder pattern in daily chart. If it breaks then it could it back to 16700 levels but for the context, SPX also made a similar pattern very recently but it did not breakdown. Fingers crossed!
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H&S breakdown is in play now.
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