A possible flag pattern in under formation in Nifty daily time frame. This is very successful in Bull market which is underway.
Do more analysis at your end and enjoy the learning.
If 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,...
