Nifty Analysis - Piercing pattern and Gap Analysis (Learning)

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Pattern formation - Piercing
Divergence are positive.
1:1 target is 15786.15. Nifty high was At 15793.95 and closed at 15764.

On the charts there are following gaps:-
1. 15927.45 - 16191.45
2. 16324.70 - 16481.80
3. 16487.25 - 16563.65
4. 17414.70 - 17463.10

So on the basis of these gaps and if this bullish pattern continues we may see first target of 16200.

Target 2 is 16500
Target 3 16550
Target 4 17450

These are all possible targets we may see.
Transaction en cours
First gap almost filled.
Transaction en cours
First target of 16200 done.

Next is 16500.
Transaction en cours
As mentioned above all 3 out of 4 gaps filled. Next probable target 17400.
Transaction en cours
Heading towards last gap.
Trade fermée: cible de profit atteinte
All targets achieved.

Jul 03th 2022 to Aug 12th 2022

Total days 40.
Chart PatternsTechnical IndicatorsNIFTYpiercingpatternTrend Analysis

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