Flag and Pole in Nifty. 22500 or 23500?
After last week's Trending Pole, Nifty has been sideways this week trading in a range and creating a retracement flag.
Breakout on either side of the Range could lead to a trending move towards the Upper Limit of the Parallel Channel (Green) 23500 or The Midline of the Parallel Channel (Yellow) 22500.
RSI is divergent
Any dip towards 22500 could witness a decent buying.
Trade outside the Flag only.
Breakout on either side of the Range could lead to a trending move towards the Upper Limit of the Parallel Channel (Green) 23500 or The Midline of the Parallel Channel (Yellow) 22500.
RSI is divergent
Any dip towards 22500 could witness a decent buying.
Trade outside the Flag only.
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.
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.