Hi
This chart is plotted with Gann sq of 144 levels mentioned in degrees ,and GANN BOX plotted from the point of break out level of 18791.45 on 27JUNE 2023 NIFTY.
OBSERVATION.
From the high the level of 18881.2 made on 01DEC2022 a correction happened in the price till
the level of16826.2 made on 21 March 2023 ,this entire correction was in the from of ABC then
an upward journey started on 31 MARCH 2023 FROM the level of 17204.45 which is still intact even till today .
On a weekly chart this break out from 18876.25 on 28 June 2023,this level is the level made on 27JUNE2022 , so according to chart pattern if the low and the level of break out measured come to nearly 1600 points so if target calculated from the break out level of 28 JUNE 2023 ,
TARGET for NIFTY comes around 20548.
IF any minor correction till the full moon low 19234.4 BUY ON DIPS would be the strategy ,IF this level is breached and if the price goes on downside the entire view would be wrong .
so the level of 19234.4 made on 3JULY2023 would be the STOP LOSS .
NOTE: keep following the MOVING AVERAGES EMA 12 and EMA 20.
ENJOY
This chart is plotted with Gann sq of 144 levels mentioned in degrees ,and GANN BOX plotted from the point of break out level of 18791.45 on 27JUNE 2023 NIFTY.
OBSERVATION.
From the high the level of 18881.2 made on 01DEC2022 a correction happened in the price till
the level of16826.2 made on 21 March 2023 ,this entire correction was in the from of ABC then
an upward journey started on 31 MARCH 2023 FROM the level of 17204.45 which is still intact even till today .
On a weekly chart this break out from 18876.25 on 28 June 2023,this level is the level made on 27JUNE2022 , so according to chart pattern if the low and the level of break out measured come to nearly 1600 points so if target calculated from the break out level of 28 JUNE 2023 ,
TARGET for NIFTY comes around 20548.
IF any minor correction till the full moon low 19234.4 BUY ON DIPS would be the strategy ,IF this level is breached and if the price goes on downside the entire view would be wrong .
so the level of 19234.4 made on 3JULY2023 would be the STOP LOSS .
NOTE: keep following the MOVING AVERAGES EMA 12 and EMA 20.
ENJOY