Nifty 50 IndexLong
NIFTY
CUP & HANDLE PATTERN BREAK OUT done @ 18091 WCB
Pattern Targets - 19400 / 21000
Pattern Invalidation Level - 16747 WCB
As per our previous analysis (06/10/2022) Nifty spot Retested Break Out levels of 16580_16800 by making low 16747.40, bounced back strong above 17539 & tested DOUBLE TOP.
In this process Handle pattern has been formed & broke out of CUP & HANDLE PATTERN.
Support Zones - 18338 / 18256 / 18096_18115 / 17999 / 17830_17890 / 17784_17810
Resistance Zones - 18351 / 18500 / 18604. Above that 19050_19110
Pattern Targets - 19400 / 21000
Pattern Invalidation Level - 16747 WCB
As per our previous analysis (06/10/2022) Nifty spot Retested Break Out levels of 16580_16800 by making low 16747.40, bounced back strong above 17539 & tested DOUBLE TOP.
In this process Handle pattern has been formed & broke out of CUP & HANDLE PATTERN.
Support Zones - 18338 / 18256 / 18096_18115 / 17999 / 17830_17890 / 17784_17810
Resistance Zones - 18351 / 18500 / 18604. Above that 19050_19110
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