[Conditional Short]Double Top Neckline breakdown in NIFTY

In today's session, Nifty showing breakdown of its double top pattern neckline with strong bearish candle. After breakout of this support expected nifty will give downside target of 13600 in upcoming trading session. Today nifty hold its nearest trend support. We can wait for breakout of this support too. After breakout possible quick downfall towards the target.

This view only valid if nifty trading below 13250 level. If nifty trading above 13600 this view will be change.

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Correction: This view only valid if nifty trading below 14250 level. If nifty trading above 14600 this view will be change.

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