Nifty Chart Analysis 07/03/2024...............
Long : Reversal finding at 22350 lvl.
Sl : 22300
Target : 22530 / 22800
==========================================
Short : Price sustain below 22300 level
Sl : 22365
Target : 22225 / 22165
Note : Bullish flag pattern or Bullish channel pattern has been formed on the hourly chart of Nifty till the target of 22530 and 22800 is reached but at the same time we should also keep in mind that according to the Elliott wave on the weekly chart, the 5th wave is also being completed here.
These were some of the levels that I analyses according to Elliott Wave 15 months ago.....
Long : Reversal finding at 22350 lvl.
Sl : 22300
Target : 22530 / 22800
==========================================
Short : Price sustain below 22300 level
Sl : 22365
Target : 22225 / 22165
Note : Bullish flag pattern or Bullish channel pattern has been formed on the hourly chart of Nifty till the target of 22530 and 22800 is reached but at the same time we should also keep in mind that according to the Elliott wave on the weekly chart, the 5th wave is also being completed here.
These were some of the levels that I analyses according to Elliott Wave 15 months ago.....