Pattern Formation: An Inverted Cup and Handle has formed, which is typically a bearish continuation pattern. This suggests a potential decline in prices if the pattern completes.
Breakdown confirmation: Price is currently below the critical level of 82,290. A break below this support can confirm the bearish signal and lead to further downside.
Expected Movement: Based on the pattern, anticipating a potential 400-800 points movement to the downside if the price sustains below this level.
Risk Management: Consider placing a stop-loss to manage risk.
Disclaimer: This is a technical analysis based on the provided data and should not be considered financial advice. Trading involves risk, and past performance is not indicative of future results.
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