Nifty hourly chart analysis 😍
Nifty made a 200 + points gap up opening on 25.11.22 (Vertical line )
After that made high of almost 19K and then fell down
look at the chart : 18031 is the swing low and 19000 is swing high - considering that 18500 level comes golden fibonacci reversal level
The Blue zone is run away gap zone area; nifty tested today it and found it difficult to fall. and gained 100 points more
all the set up suggestive of Bullish reversal ; though there may some choppy movements but this structure is BULLISH SET UP
Now see chart below👇
Entry above 18650 -sl 18480 , Targets are - 18800,18900,19000+
Nifty made a 200 + points gap up opening on 25.11.22 (Vertical line )
After that made high of almost 19K and then fell down
look at the chart : 18031 is the swing low and 19000 is swing high - considering that 18500 level comes golden fibonacci reversal level
The Blue zone is run away gap zone area; nifty tested today it and found it difficult to fall. and gained 100 points more
all the set up suggestive of Bullish reversal ; though there may some choppy movements but this structure is BULLISH SET UP
Now see chart below👇
Entry above 18650 -sl 18480 , Targets are - 18800,18900,19000+
