Ideas 1: Nifty was giving swings wherein higher Lows were accelerating and higher highs were de-accelerating. After expending Great deal of energy it is consolidating. Prices are coming into balance, As above so below...from extreme to balance to extreme...After breakout from these two lines of maximum excursion it is consolidating with fall in price in acceleration. If it breaks the consolidation we may se doubling of ranges in downward side. Further movement depends on market structure afterward. Idea 2: If ranges not broken we may see furthermore consolidation, which may lead the prices go higher till 11200, if market structure changes.
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Nifty broke out of consolidation and covered double of range in single day.
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nifty back in ranges. tripple bottom double top formation in consolidation at hourly time frame- formation of coil.. nifty gaining energy, if breaks present range 11244 is next target.