NIFTY Hourly Double Bottom BO
#Nifty
Nifty is been in a falling/downward channel on hourly time frame after hitting all time high and on 31st March 2023 it gave a BO of #Double Bottom Neckline and looks to be #bullish up-to 17600 to 17650 as again where #falling channel #trendline will act as a #resistance and profit booking can be seen
Until the previous #Lower High 17800 is not broken market can be in a #bears hand once 17800 levels is surpassed and sustained #bulls will take over the market and a good recovery can be seen
Above #View is for the month of April 2023
Nifty Good Buying Range 17200 - 17150
for the targets of 17400 / 17500 / 17600
with a strict sl of 17050
All charts & studies posted here are only for EDUCATIONAL PURPOSE
Nifty is been in a falling/downward channel on hourly time frame after hitting all time high and on 31st March 2023 it gave a BO of #Double Bottom Neckline and looks to be #bullish up-to 17600 to 17650 as again where #falling channel #trendline will act as a #resistance and profit booking can be seen
Until the previous #Lower High 17800 is not broken market can be in a #bears hand once 17800 levels is surpassed and sustained #bulls will take over the market and a good recovery can be seen
Above #View is for the month of April 2023
Nifty Good Buying Range 17200 - 17150
for the targets of 17400 / 17500 / 17600
with a strict sl of 17050
All charts & studies posted here are only for EDUCATIONAL PURPOSE
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