Nifty is rising sharply the trend looks very strong from last four trading sessions.
Channel Pattern Breakout has been seen On friday, After that fresh buying triggered sharp rise in prices.
Currently according to price action Three white soldier has been formed so the market may further extend its rally Upto the resistance zone 18150 to 18300.
Channel Pattern Breakout has been seen On friday, After that fresh buying triggered sharp rise in prices.
Currently according to price action Three white soldier has been formed so the market may further extend its rally Upto the resistance zone 18150 to 18300.
Comment:
When Market Falling to its Lower end of channel We have this channel pattern
Comment:
We all were expecting a correction from upper end of the channel but price consolidated at the upper trend line of this channel
Comment:
Finally the breakout has been seen with confirmed closing price in daily time frame
Which triggered a buy trade which I am holding and trailing my stop loss Giving decent risk to reward.
Which triggered a buy trade which I am holding and trailing my stop loss Giving decent risk to reward.
