The NIFTY has completed the descending triangle pattern (bearish continuation) and it has broken the key support at 16.8K. It is also trading below its 200 Day EMA. By measuring the descending triangle's volatility and projecting it from the breakout level. A target of 15.4K has been set.
The chart pattern would be negated if there's a closing above 17.5K.
The chart pattern would be negated if there's a closing above 17.5K.