yeshuyesh45
Long

Nifty Strong Bullish? READY TO BREAK OUT !!!!

NSE:NIFTY   Nifty 50 Index
As we can see in the chart Nifty's recovery from the bottom was range-bound and before every up move, it consolidates and will shoot up. As of today's End of the day chart marked inside a rectangular box, Nifty consolidated for the last 4 sessions and ended up at day high. Nifty has strong support at 10740-750 region below that very strong support at 10690.

Comments

dont you think nifty forms rising wedge in daily chart ,isn't it bearish ?
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yeshuyesh45 prashant_singh
@prashant_singh, Yes, once we break 10690 it’s will be confirmed. Until then nifty might try to push up !!
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