Nifty breaks the trend line convincingly

Nifty broke the trend line with good momentum and volume.

If Nifty wants to reverse then it might take support on 200 ema line(Orange colour line).

And if it breaches 200 ema convincingly in hourly timeframe then it go further down even more.

Play safe and Happy trade :)

Note: Views only for educational purpose. Consult your financial advisor before any trade.

Comment:

Nifty might take a bounce on 200 ema looking at few data points.

If it breaches we are fine but if it bounces then it will go back to 11000 which will act as resistance for us.

Keep a tab.

Trade closed: target reached