NIFTY WILL SOON GO UPWARDS DUE TO THREE DRIVES PATTERN

Jul 25, 2023

TECHNICAL ANALYSIS :

1. THREE DRIVES HARMONIC PATTERN -
   
   Nifty has formed a strong descending harmonic pattern (Three Drives) which clearly indicates reversal happening very soon
   
   
2. DOJI PATTERN -
   
   Nifty has also formed a nice doji pattern which indicates a reversal of the ongoing trend
   
   
3. HAMMER PATTERN -
   
   Also a hammer pattern is formed which again indicates an upcoming reversal of the trend
   
   
4. OSCILLATOR INDICATOR -
   
   It is also indicating overbought zone as average smoothing line has touched the 80 level, hence more momentum in the upwards direction
   

Jul 27, 2023

Trade closed manually

As ATR has turned bearish from bullish hence profits should be booked made after the reversal of the trend