Longer term chart indicates various levels as well as various patterns so thatswhy this is one of my favourite patten among as i posted before. But in this pattern LOWER BLUE TREND LINE is a strong strong line as we know and 3500 levels we could see in ABC wave after completing of B wave near 5800 levels in near fut.
I think from here NIFTY should touch 5800 if Nifty trade above lower trend line upward pattern in 1hr. chart.
(Nifty couldnot crossed 5090 levels and gave a very pull back rally as i said before --5090 is a very strong support point)
( At this time i don't have full longer term chart so thats why i have indicated in green trend line --In which nifty has been traded )
I think from here NIFTY should touch 5800 if Nifty trade above lower trend line upward pattern in 1hr. chart.
(Nifty couldnot crossed 5090 levels and gave a very pull back rally as i said before --5090 is a very strong support point)
( At this time i don't have full longer term chart so thats why i have indicated in green trend line --In which nifty has been traded )
