# Since mid june Nifty appears to be on a sideways move.
# With 15900 broadly on upside, the lows are shifting up gradually.
# It is likely to stay like this till mid july it seems and continue to form a lower low with max upside to 15900
# A false breakout is also possible to make people believe that the nifty is breaking out before the indicated pattern completes.
# After consolidation on narrow range, it can go on either direction as shown in arrows pointing up & down.
# A decisive break above will open upside but it seems everybody will be prepared for upside. So a very convincing trade is not on upside.
# if it breaks the pattern on downside either after consolidation or after first upside breakout on upside, there is a huge target of 15500 on downside.
# With 15900 broadly on upside, the lows are shifting up gradually.
# It is likely to stay like this till mid july it seems and continue to form a lower low with max upside to 15900
# A false breakout is also possible to make people believe that the nifty is breaking out before the indicated pattern completes.
# After consolidation on narrow range, it can go on either direction as shown in arrows pointing up & down.
# A decisive break above will open upside but it seems everybody will be prepared for upside. So a very convincing trade is not on upside.
# if it breaks the pattern on downside either after consolidation or after first upside breakout on upside, there is a huge target of 15500 on downside.