Below 2230 will give target of 2000
Good retracement of 50% and shows double bottom SL 31 Target 40
As per scene 1 Nifty can consolidate between 12300 & 10700 till Dec and then start next wave ie 3
Scene 1 in case we have completed wave 3. This means we can visit 8K after 5 years . . .
1. Break of down trend with volume support 2. Double bottom (trend reversal pattern) 3. Good Consolidation at 4. Long-term support which is acting as resistance Buy if close above 220 Target 300 SL 186 With multiple confirmation this is strong case if breaksout.
This can be a textbook example of rounding bottom. If it consolidates around 5000 mark to create cup and handle pattern the breakout will be very powerful.
Pennant...! With Classic reducing volume Buy with Close above 300 Target 360 SL 275
buy on close above 340 Target 380, 440 SL 277
1670 & 1850 target SL 1250 It has broken resistance with decent volumes.
Currently facing resistance at earlier support level . Very likely to breakout considering high volumes and buying interest. Target 60 Buy above 45 SL 34