capsule91

Quick gains off Nifty Infra

NSE:CNXINFRA   NIFTY INFRA
Bullish cypher with bullish divergence , a sweet spot for a blast..
Also the D point is cushioned in ichimoku kumo clouds and presently at pivot ..
The uptrend's resistance is expected to be at the outerline of the pitchfork and 0.618CD of the cypher pattern , which coincides..

But i expect there will be a bit of correction i the lines of 10 to 15 percent after this, as i think the failure of the bearish butterfly was due to the formation of a Extreme bullish Harmonic Impulse...(which have been marked in softer slate grey lines)

Disclaimer..this is not an investing/trading recommendation

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