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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