Pennant Breakdown usually are bearish continuation patterns!
Nifty has broken down from a consolidation & it seems that it will find resistance near 16950 levels
Support for Nifty is near 16200 Levels
Nifty has broken down from a consolidation & it seems that it will find resistance near 16950 levels
Support for Nifty is near 16200 Levels
Trade closed: target reached
Pattern target reached Now 16150 to 16200 will act as good support , whereas 16600 & 16900 will act as a resistance
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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.