Nifty Analysis - Piercing pattern and Gap Analysis (Learning)
Updated
Pattern formation - Piercing
Divergence are positive.
1:1 target is 15786.15. Nifty high was At 15793.95 and closed at 15764.
On the charts there are following gaps:-
1. 15927.45 - 16191.45
2. 16324.70 - 16481.80
3. 16487.25 - 16563.65
4. 17414.70 - 17463.10
So on the basis of these gaps and if this bullish pattern continues we may see first target of 16200.
Target 2 is 16500
Target 3 16550
Target 4 17450
These are all possible targets we may see.
Divergence are positive.
1:1 target is 15786.15. Nifty high was At 15793.95 and closed at 15764.
On the charts there are following gaps:-
1. 15927.45 - 16191.45
2. 16324.70 - 16481.80
3. 16487.25 - 16563.65
4. 17414.70 - 17463.10
So on the basis of these gaps and if this bullish pattern continues we may see first target of 16200.
Target 2 is 16500
Target 3 16550
Target 4 17450
These are all possible targets we may see.
Trade active
First gap almost filled.Trade active
First target of 16200 done.Next is 16500.
Trade active
As mentioned above all 3 out of 4 gaps filled. Next probable target 17400.Trade active
Heading towards last gap.Trade closed: target reached
All targets achieved.Jul 03th 2022 to Aug 12th 2022
Total days 40.
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