Nifty after making a recent swing low around ~18060, did a falling wedge breakout and made a swing high around 18420. Almost 350 points.
It corrected from there to about 61.8% fibo level and made a swing low today around 18200.
The pattern indicates that is forming a flag & pole pattern.
Also, as a learner of EW; my wave count suggest that it was a wave 2...
Nifty is Again Buy on hourly Charts has come out of 5 days correction & Now Ready for New Rally towards 18700 in coming 2 Weeks.
LTP - 18200
SL - 18050
Targets - 18650-18700
Time Frame - 2 Weeks - 10 Trading Sessions.
