NIFTY 24530.9 [Hourly Chart]

Swing 1

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Swing 24402-24141 hit 261.8% (24824) [1st Chart]

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In hourly  on 18th Jul high at 24829 closed at 24799 [below 24824]

In hourly  on 18th Jul high at 24837 closed at 24800 [below 24824]

In hourly  on 19th Jul high at 24854 closed at 24769 [below 24824]

All these three candles closed below 24824

If swing extended point 161.8% (24563) [2nd Chart] 

On 15-7-2024 Nifty closed above 24563 at 24567.9 with high of 24598

Swing 2

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Now check 2nd Chart 161.8% at 24831

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In hourly  on 18th Jul high at 24829 closed at 24799 [below 24831]

In hourly  on 18th Jul high at 24837 closed at 24800 [below 24831]

In hourly  on 19th Jul high at 24854 closed at 24769 [below 24831]

All these three candles closed below 24831

Implies TGT of 24467 [23.6%]

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