Head and shoulder pattter in nifty also weekly chart of CNX auto

There is head and shoulder pattern in nifty weekly chart, So nifty might retrace the height of shoulder, that is around 7726 . Also as per ABCD pattern nifty might retrace 7692. Also this would take the nifty to over sold zone (RSI). So this is the time to buy costly stock cheap rate. Also use money management. Buy at every support level.