As per the channel, two resistance can push the price toward 8515 and 8340 follow by Resistance 8592-8632 Almost all major resistances and supports are plotted on the chart. If price close above 8620 above, then I will update fresh chart.
8323 targets then, price will not break or close 8622. In case of break & close above 8612, then channel will not continue.
Daily chart for SGX Nifty:
- During the falling wave, 3 times reduction in price has been seen.
- While using the retracement, 32.2% retraced is at 9249.
- Price rotation range is between 8838 and, 8188.
Almost many things are till remaining on the chart, although I have plotted the following:
- Flag pattern
- Major and minor channel
- Initiative move
- Responsive move
- major and minor support level
- Waves
Channel support 1559 nearby for GOLD .
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