Nifty will it form a Spring ?

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Nifty 24500 - A Volume price candle study been tried on hourly pattern chart of the last 2 days to understand the price movement suggests a formation of spring structure. Will it become a spring ? Lets wait and see

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24550PE @ 91 at 24520 @ 13:01

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24550PE @ 111 at 24480 @ 14:01

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5 minutes ago
Note
24550PE @ 82 at 24530 @ 14:24

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1 minute ago
Note
24550PE @ 102 at 24480 @ 14:27