karan_bagri

Nifty Daily Analysis | Rounding Bottom

NSE:NIFTY   Nifty 50 Index
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.
Comment: Rounding Bottom almost getting completed