Nifty Head & Shoulder

The signs here do not really look bullish. There could be probable Head and shoulder formation in the making. The clear Bearish call can be given only on break of the Neckline trendline at @3950.
While on the On Balance Volume there is clear dent seen. Which I consider as caution for bulls.

While the mid term trendline suggest that the 4000 Level is critical.
In most probable case 4025 would act as a good support.
Hence the bearish outlook can be

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