Greetings Fellow Traders,
As we can see in this chart that Nifty was trading inside the Chanel down from past few days and since yesterday price broke that Chanel down and bounced on it few times...but will this be a sustainable breakout for further upside move?
Well in my opinion that will be dependent on 17,950
As a resistance it's more prominent than that Chanel down...and for any sustainable upside move price needs to break that area... otherwise downside areas are mentioned in Chart...
Good Luck 🍀
As we can see in this chart that Nifty was trading inside the Chanel down from past few days and since yesterday price broke that Chanel down and bounced on it few times...but will this be a sustainable breakout for further upside move?
Well in my opinion that will be dependent on 17,950
As a resistance it's more prominent than that Chanel down...and for any sustainable upside move price needs to break that area... otherwise downside areas are mentioned in Chart...
Good Luck 🍀
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.