Trade-Technique

Breakdown strategy on spot nifty

NSE:NIFTY   Nifty 50 Index
Statement (1): As per "No trading activities", the price is not going to cross above the Control Price which drew by blue color.

Statement (2)
: Presently, Nifty is again going to high volatile as show by Remarkable box.

Statement (3)
: From the timeCycle, approximately move projected by (A),(B) and (C).

As per channel, the main support is 10525 below where investors think for the long side. The price can consolidate between 11300 and 10600 range for 2-3months. Breaking this range will create a new spike.
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.