NIFTY - Bullish while trading in between 2 strong trendlines

2 days ago

• STRONG SUPPORT TRENDLINE -
  
  market has reversed from a very strong support trendline recently indicating potential upward momentum. This trendline had previously been tested 3 times & each time market went significantly upwards afterwards
  
  
• STRONG RESISTANCE TRENDLINE -
  
  market is also nearing a strong resistance trendline which had been tested earlier by forming a double bottom pattern
  
• OVERBOUGHT INDIAVIX -
  
  indiavix has recently become overbought indicating correction which in turn will cause the market to go upwards