NIFTY - in Supply zone
Nifty is in supply zone of previous two tops. The price breakout must also be confirmed with RSI this time.
For bullish bias - one can look at it as a Cup and Handle, when nifty starts trading above red zone
For bearish bias - one can look at it as a ending diagonal (Ascending triangle), when nifty starts trading below blue trendline
Use discretion!
For bullish bias - one can look at it as a Cup and Handle, when nifty starts trading above red zone
For bearish bias - one can look at it as a ending diagonal (Ascending triangle), when nifty starts trading below blue trendline
Use discretion!
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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.
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.