5-0-pattern
Power of Triple Top Chart Pattern
In Dow Jone Index we seen Triple Top formed on hourly time frame and given Breakdown.
After Breakdown seen a huge Fall in index of 7.25% which is the huge Fall for any Index in Market.
Now taking support at 30145 which is trend line at daily timeframe and will try to recover.
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. !!