There is a pennant (symmetrical triangle) pattern formation (blue triangle).
By choosing baseline charting (instead of candlestick or range), you can visualize the swings.
As of now it's hitting the resistance of 403. If it able to break the previous swing high (409 on 04/10) with volume, it can go high (~425).
But see the black dotted line. That's a...
Just as we had stated yesterday, similarly, we had also witnessed how beautifully #Nifty had sustained our predicted support range levels of 16700-16800, and just after making a day’s low of 16782.40, the index had somehow very well managed to bounce back therefrom.
Well, as of now, a beautiful formation of Dragonfly Doji on the chart, seems to very well depict...
There's a 30% chance that NIFTY50 will hit 18000 points before July 22 if no major corrections occur before. After 18000, I expect correction. - Technical probability.
