johntradingwick

Nifty - Moving in a Parallel channel

NSE:NIFTY   Nifty 50 Index
A short update on the current situation of Nifty . As you can see, Nifty is moving in a parallel channel on the hourly time frame. It is expected to move in the channel. hence you can trade accordingly. Until and unless it breaks out of the channel, you shouldn't worry.

Disclaimer: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.

Rajat Kumar Singh,
B.Tech. (Delhi Technological University)
Indian Moderator @Tradingview

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