According to bullish three drives pattern nifty indicating reversal of previous downtrend. Today we got the breakout of its resistance trend line if nifty sustain above this level one more trading session then we will get confirmation about the uptrend in market.
According to pattern there was a good entry near 14150 level. It was also 100 Day's EMA level support. Also, Can take breakout entry of downtrend parallel channel of this pattern for target of each swing high. This breakout can give movement upto first swing high 15425+.
According to pattern there was a good entry near 14150 level. It was also 100 Day's EMA level support. Also, Can take breakout entry of downtrend parallel channel of this pattern for target of each swing high. This breakout can give movement upto first swing high 15425+.