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tanaynaff15

Could there be one last fall in the 14880-14950 territory?

Nifty 50 Index (NSE:NIFTY)  
tanaynaff15  
NSE:NIFTY   Nifty 50 Index
Trend Analysis Chart Patterns NIFTY niftytrend Parallel Channel short LONG
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trendanalysis chartpattern nifty niftytrend parallelchannel short long
NIFTY has been moving in the channel shown, respecting the trend line both ways. There could potentially be a fall before we move higher once again. BUT, NIFTY is taking great support @15040 levels which needs to be respected. NIFTY has also been testing the resistance @ 15130-15140 levels which happens to be the top of the trend line. Watch the price action carefully.
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