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Inverse H&S suggesting short term reversal in niftty

Nifty currently trading at 5110 and there is a potential inverse head and shoulder pattern is under development on nifty 240 min chart and bullish divergence seen on 14 period rsi indicator.  We need a breakout above 5170 for confirmation of this bullish view. Above 5170 trader can use 4880 as stop for this bullish view for expected target near 5500 in short term. a failure below 4880 a sharp down move and resumption of its down trend can’t be ruled out.
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