View 1 - Nifty may head to 5650 or so - Buy with a SL @ 5220
View 2 - Nifty may only head up to 5380 - 5440
View 3 - Below 5220 - Nifty headed to 4950
In all aspects we are headed down but what needs to be known is if we head to 5600 odd first and then head down.
Here's a 5 minute chart - One can go short with a SL @ 5345 or go long above 5350 for 5412 / 5450
You can see multiple resistances and price is currently in a channel - Gap fill must happen.. now or later?
Im also putting through a Gartley patern with good fibo ratios - 1st Tgt 5460 - SL * 5220 2nd Tgt - 5680
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