In continuation of previous article I would like to add further on Nifty.The important dates are marked on chart.I have connected the top with 180 degrees to price on 6th May.It has given the bottom of 4720 as shown in chart.The degrees and corressponding prices are as follows:
45 = 6147,90 = 5944,135 = 5754,135 = 5554,225 = 5340(My target for September series),
270 = 5130(Current Resistance if broken can achieve the Targets),315 = 4927(multiple supports observed around this level.Ideally stop loss level for all longs.) and 360 = 4720 (our major low for the year.)
So lets watch how it develops on Nifty.
Happy Trading !
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