Nifty 50 IndexUpdated Nifty following its channel
Nifty is trading in a channel where it retraced back nearly 550 points exactly from the lower trend line of channel ,as expected now all eyes are at the upper trend line of this channel ,if price approaches to it than we can see a fall from there .There is a minor resistance level is place at 17200 which was a crucial support earlier.
If you were in a buy trade as am I than wait for it to test the upper trend line till than keeping a trailing stop loss is a better option.
If you were in a buy trade as am I than wait for it to test the upper trend line till than keeping a trailing stop loss is a better option.
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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.