The_Trader14

Nifty forming a triangle at the breakline.

NSE:NIFTY   Nifty 50 Index
Nifty is forming a triangle shape at the breakline.

Nifty will have major support at 11060 and if this breaks it will continue journey towards 10860.

If it breaks the triangle upwards then it will have major resistance at 11240.

I have highlighted a triangle wherein we should not be trading as this is a no trade zone if the candle surpasses this zone and crosses the 11060.

Then it will get into the downward trend.

Keep a tab on the progress.

Play safe and Happy trade :)

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