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.
Trade ist aktiv
First gap almost filled.
Trade ist aktiv
First target of 16200 done.

Next is 16500.
Trade ist aktiv
As mentioned above all 3 out of 4 gaps filled. Next probable target 17400.
Trade ist aktiv
Heading towards last gap.
Trade geschlossen: Ziel wurde erreicht
All targets achieved.

Jul 03th 2022 to Aug 12th 2022

Total days 40.
Chart PatternsTechnical IndicatorsNIFTYpiercingpatternTrend Analysis

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