Nifty Analysis - Piercing pattern and Gap Analysis (Learning)

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.

Сделка активна:

First gap almost filled.

Сделка активна:

First target of 16200 done.

Next is 16500.

Сделка активна:

As mentioned above all 3 out of 4 gaps filled. Next probable target 17400.

Сделка активна:

Heading towards last gap.

Сделка закрыта: достигнута тейк-профит цена:

All targets achieved.

Jul 03th 2022 to Aug 12th 2022

Total days 40.