If Nifty didn't break all time high by Monday, then we would be stuck in as channel. basically a flag and pole
Looks like a great point to buy IT Stocks.
NASDAQ has almost retracted to 50% of its Fibonacci retracement
If we see this could be the end of the second wave(downtrend) and there would be a more dominating third wave(uptrend)
Let's see how simple things work with basic support and resistance.
Inverted Head and Shoulder
Here are the important levels in nifty. Looks sideways to bearish
If it gives a breakout we can see this target soon