Nifty has formed Cup and handle pattern on daily chart Continuation of bullish trend may happen Target is 18800
BANK NIFTY on Daily chart Possible PRZ from Crab pattern at 43540 .
Hormonic PRZ from Alternate BAT pattern in NIFTY . D point comes at 17926.25 and Extension of CD to 3.618 comes as 17975.70 also corresponds to Highest Call writing area at 180000
ABCD Hormonic pattern . If D point is reached then Reversal can be seen from 17960 which also is high of Budget day. Reversal target upto 17868 (T1- 0.382 ) 17836 (T2 0.50) AND 17800 (T3 0.618). We can take LONG POSITION if NIFTY crosses 17872 with target of 90 points.
NIFTY short term direction from PRZ Achieved - Not from 1.27 But From AB= CD 1.618 POINT
NIFTY in Hourly chart bearish Buttter fly pattern. If NIFTY continues bullish then we can find resistance at 18200 and 18300.It can retrace back from D point to T1 18085, T2 18042 and T3 18 000.