Contracting triangle on Nifty

NSE:NIFTY   Nifty 50 Index
Index on Monday, retraced from its lower trendline as well as upper trend line in the last trading hour. Index closed the day just below the upper trendline.
any fall below 11,690 could mean lower break-out of the triangle. any rise above 11,755 could mean upper break-out.


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