NeeteshJain
Education

NIFTY - UPCOMING FINAL "DIRECTIONAL BREAKOUT"

NSE:NIFTY   Nifty 50 Index
It is been observed that the markets are consolidating for more than a week and now it has formed and completed an ascending triangle pattern formation and once breakout confirms on either side of the formation then it shall provide a good directional move in the market.

Key Levels: Support 9910 Resistance 9965 (55 points range)
Comment: Currently, Markets consolidating, It is wise to not take any new trades until further direction is confirmed. Thanks
Comment: Nifty continues to be range bound as both key support and resistance levels still intact. Thanks.
Comment: Another way to look at on daily chart,



Levels 9910 & 9960

Thanks
i have also posted nifty view with different indicators, they also s upport your view, i feel nifty will breakout upside.
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Any divergences that you've noticed - positive or negative? Regards
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NeeteshJain anupam_ahuja
@anupam_ahuja, I would go for Daily chart breakout to further decide on the same. No expectations, will just follow the market once confirmed. Thanks
Reply
anupam_ahuja NeeteshJain
@NeeteshJain, Right chief, agreed. Regards
+1 Reply
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