Hi
All,
Just an observation.....
Nifty on the daily chart had created a Bullish Flag pattern (A Contunuation pattern) which means it likely to go up after a small, healthy correction as I have already mentioned....
After Friday's fall, Nifty has taken support near Flag's upper trendline near 5550-5530
Flag targets can be 6230-6350+
I will strick to my views... Near term bias might turn down below 5900-5930 with targets near 5800-5740, but Short term bias will only change below 5790-40 and Mid term bias will change only below 5580-50...
Please see the chart below -
Cheers
Hrishi
Just an observation.....
Nifty on the daily chart had created a Bullish Flag pattern (A Contunuation pattern) which means it likely to go up after a small, healthy correction as I have already mentioned....
After Friday's fall, Nifty has taken support near Flag's upper trendline near 5550-5530
Flag targets can be 6230-6350+
I will strick to my views... Near term bias might turn down below 5900-5930 with targets near 5800-5740, but Short term bias will only change below 5790-40 and Mid term bias will change only below 5580-50...
Please see the chart below -
Cheers
Hrishi
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