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TradeStrikes
May 29, 2023 3:58 PM

NIFTY - in Supply zone 

Nifty 50 IndexNSE

Description

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!


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