Go Long on Nifty- Ascending Triangle pattern on Hourly chart-
Go Long on Nifty - Expected ( Nearest Reversal as per Fibonacci) Target is 50% retracement and 61.8% retracement.
Wait for Triangle breakout.
Target 1 :- 50% retracement 10723
Target 2 :- 61.8% Retracement 10825.
Final Target as per Ascending triangle pattern is Height if triangle 341.88 Points. From Triangle break out to 10966. Nearest Fibonacci number is 78.6% retracement( 10977).
Note :- This Analysis is only for Education purpose and sharing knowledge . Not a recommendation.
Wait for Triangle breakout.
Target 1 :- 50% retracement 10723
Target 2 :- 61.8% Retracement 10825.
Final Target as per Ascending triangle pattern is Height if triangle 341.88 Points. From Triangle break out to 10966. Nearest Fibonacci number is 78.6% retracement( 10977).
Note :- This Analysis is only for Education purpose and sharing knowledge . Not a recommendation.
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