Nifty: Chart set up and trading view

NSE:NIFTY   Nifty 50 Index
CMP 14616

Last time we had suggested a bounce back towards the upper end of the channel

- Current rally is an extension beyond the channel similar to what we saw at the lower end of the channel ( a kind of mirror image pattern)

At current levels it provides good Risk::Reward ratio to go short....


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.