NIFTY -- BULLISH CHART PATTERN

NIFTY -- HOURLY CHART -- BULLISH CHART PATTERN

1. Recent fall of nifty from high level lower channel seen till 15800 level where nifty form double bottom at 15800 level

2. After double bottom formation nifty at trading at upper channel

3. consecutive support taken at lower level of upper channel has seen where trend follow as uptrend higher top and higher bottom seen

4. recent support taken at lower level of upper channel arround 16200 and last 2 trading session nifty seen bullish up by around 300 points at present 16478 close at last trading session

5. next few session upper channel trend followed and nifty can hit target 16600-16800 level .

6. 16200-16400 work as support and 16600-16800 resistance as target as per channel

7. histogram seen bullish in last 2 trading session confirm this trend.


** THIS IDEA IS FOR EDUCATIONAL PURPOSE

HAPPY TRADING. !!

Comment:

as per this chart pattern todays gap down is opportunity to buy around 16200 -16250 sub level for next pullback 16600 level in short term , lower support of channel at 16200 level unless closing bellow 16200 level nifty chart pattern is bullish.

9.00 am - 10/06/2022

Comment:

support taken at 16200 level today. lets see can hold till end of session. !
1.45 pm - 10/6/2022

Comment:

look like sgx nifty gap down more then 250 points today ..around 15900 level so this chart structure breakdown bellow 16200 level on closing basis due to extreme negative global sentiments ... chart structure turn bearish for short term till nifty
have some sign of support and consolidation ..

9.00 am -- 13/06/2022