NIFTY Breakout and 50 % Retraced Long

Nifty 50 IndexNSE

Description

⋅ May 26, 2018 5:24 AM

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.