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Nifty 50 Index
Short

Negative Sign at Longer TF for NIFTY.

2386
The price is trading the upper band of the channel which is resistance but nifty can create penetration(excess2) because of excess1 at lower band.
Trade-Technique
NIFTYParallel ChannelTrend AnalysisTrend Lines

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.
NIFTYParallel ChannelTrend AnalysisTrend Lines
Trade-Technique

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.