The_Trader14

Nifty at the breakthrough.

NSE:NIFTY   Nifty 50 Index
Nifty worked as per our resistance and support.

In my last post I mentioned red line of the triangle as a resistance and trendline as support.

I have linked the Idea below for the reference.

Nifty played the whole day between these and almost had 100 to 150 points of movement.

The above said resistance and support are very crucial for Nifty for breakout or breakdown.

Play safe and Happy trade :)

Note: Views only for educational purpose. Consult your financial advisor before any trade.
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.