In my 3rd Dec post I have shown a triangle in which Nifty is working quietly.
Still Nifty is working within the triangle though it has given 3 false breakdowns as shown in the chart.
Today it gave a breakout above the blue line.
Tomorrow session will confirm whether it is false or true breakout.
Nifty closing above blue line is a good sign but it is always good to take confirmations than assumptions.
Till then the waiting game continues......
Stay safe & Happy trade.
Still Nifty is working within the triangle though it has given 3 false breakdowns as shown in the chart.
Today it gave a breakout above the blue line.
Tomorrow session will confirm whether it is false or true breakout.
Nifty closing above blue line is a good sign but it is always good to take confirmations than assumptions.
Till then the waiting game continues......
Stay safe & Happy trade.
Trade closed: target reached:
Nifty confirmed uptrend.
Though it stayed above blue line but it did test blue line couple of time before closing above it.
No strong bull move seen yet.