Madhav

Nifty Elongated Flat

NSE:NIFTY   Nifty 50 Index
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1
Area marked in rectangle is a elongated flat formation,
I missed to identify this. Normally elongated flats are part of larger triangles.
C of flat has already retraced 1.38 times of B and can retrace beyond 1.68 times on few occasions.
Right now I would like to wait and watch for next move

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