Nifty 50 | Ascending Channel Pattern
NIFTY is trading at bottom of ascending channel.Market forms a structure of Higher High and Higher Low. It's a confirmation of clear uptrend.
Till now there is no rejection from bottom levels.
We have to wait for direction confirmation.
Keep an eye on global cues. Us plans to send troops to Europe. Fear in global market will reflect in Indian market too.
Happy Trading!!!...
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.