NIFTY WILL SOON GO UPWARDS DUE TO THREE DRIVES PATTERN

TECHNICAL ANALYSIS :

1. THREE DRIVES HARMONIC PATTERN -
   
   Nifty has formed a strong descending harmonic pattern (Three Drives) which clearly indicates reversal happening very soon
   
   
2. DOJI PATTERN -
   
   Nifty has also formed a nice doji pattern which indicates a reversal of the ongoing trend
   
   
3. HAMMER PATTERN -
   
   Also a hammer pattern is formed which again indicates an upcoming reversal of the trend
   
   
4. OSCILLATOR INDICATOR -
   
   It is also indicating overbought zone as average smoothing line has touched the 80 level, hence more momentum in the upwards direction
   

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As ATR has turned bearish from bullish hence profits should be booked made after the reversal of the trend