Go Long on Nifty- Ascending Triangle pattern on Hourly chart- Long

Nifty 50 IndexNSE

Description

⋅ Feb 15, 2018 7:15 PM

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.

Chart Patterns

Comments

rajaca9999

⋅ Feb 15, 2018 7:18 PM

Teach while learing and learn while teaching