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Nifty 50 Index
Long

NIFTY Breakout and 50 % Retraced

I was expecting a golden ration retracement on Nifty but surprisingly it took a U TURN at 50%. Trend look positive on short term upto 10780 levels.. as shown in the above image, upper trend line acts as immediate resistance.
MarketVidya
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Chart PatternsNIFTYTechnical AnalysisTrend AnalysisTrend Lines

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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.
Chart PatternsNIFTYTechnical AnalysisTrend AnalysisTrend Lines
MarketVidya
Also on:

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.