Nifty prediction for June 21-25...

This is the first time I am making predictions. One needs to do that to get confidence. So here we go...

So my prediction: This week June 21-25, we will retrace to 5180 and then a runup again to 5250-5290 area.

5300 was exactly the highs formed in Jan. So fact that we stopped at 5300 on Friday, shows a potential H&S forming as shown in chart below. The vertical lines show periods when RSI was less/above 50. Also ADX has reached 20. Maybe the end of the trend.