Nifty 50 IndexLong
Correction in Nifty50 After Breakout "Rising Three"
Updated
Hi Friends It looks like that Nifty is Correcting after a breakout just before Budget because it just taking a support of 11780
A Trend Line Support is here so I think Nifty should bounce from here right before Budget and It might test previous high's again.
After a Breakout similar to rising three method seen in nifty 4 hours chart. If it fails than it can go down to test much stronger support of 11650. But I'm Bullish Right Now because history is favouring July.
A Trend Line Support is here so I think Nifty should bounce from here right before Budget and It might test previous high's again.
After a Breakout similar to rising three method seen in nifty 4 hours chart. If it fails than it can go down to test much stronger support of 11650. But I'm Bullish Right Now because history is favouring July.
Note
Nifty Successfully Closed above 11854 and heading upwards positivelyNote
Nifty is respecting Trend Line by taking its support.Note
A Small Hurdle at 11970Note
Exactly Nifty Faced Resistance at 11970 today.
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.