Flag pattern in Nifty Daily Time FrameA possible flag pattern in under formation in Nifty daily time frame. This is very successful in Bull market which is underway.
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Niftyflag
NIFTY TRADE IDEA Tuesday 30 Mar 2021If breaks the Green Trendline above 14570 or the flag channel drawn, then 14670 may be seen.
Bollinger Band will expand upside.
If breaks the inclined TL + red Trendline below 14470
Gap filling possible
Bollinger Band will give the signal by expanding downside
Price has retraced upto 38%
According to Elliot Wave, Wave 2 may retrace anything less than 100%,
so, contrarion view is of gap filling.
