NIFTY 50 - VCP PATTERN
Updated
Nifty is making VCP pattern. 24500 is a strong Resistance, if it breaks it then we may see a really good upside move but the chances of breaking it are less, it may spend time between 24300-24500.
If Nifty gives breakdown then 24300 will serve as an immediate support, 24100-24000 will be next supports if it goes down further.
Price Action helps in understanding the charts and taking decision as per the move.
For learning and educational purposes only, not a trading advice.
If Nifty gives breakdown then 24300 will serve as an immediate support, 24100-24000 will be next supports if it goes down further.
Price Action helps in understanding the charts and taking decision as per the move.
For learning and educational purposes only, not a trading advice.
Trade closed: stop reached
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