Nifty Daily Analysis | Rounding Bottom

Oct 25, 2021

Nifty forming rounding bottom near the major support level, if the price action completes the pattern then we can see nifty to continue its uptrend. However there's a descending trendline which is working as a resistance therefore this trendline has to be cleared to complete the rounding bottom. Support for nifty is 18050 - 18000 & nearest resistance is the trendline and major resistance is 18314.

Oct 26, 2021

Note

Rounding Bottom almost getting completed