Nifty 50 price is near a very important support trendline and in the 2Hr time frame, we could see a XABCD bullish butterfly pattern.
This XABCD pattern gives 3 targets once the price breaches 17650 and the support trendline. If the price trades below 17650 in the afternoon, we could see a fall.
The RSI can be seen just below 50 and Choppiness Index near 61.8...
VEDL is on the process of Harmonic Extended pattern ( Butterfly Pattern)
B point is at the 0.786 retracement of XA and D point forms at the 1.27 to 1.61 projection of XA.
As per this chart the target levels should be 193 and 229
