Nifty is in a symmetric channel where there are 3 possibilites...
1. Chances are it may give breakout and follow uptrend channel which was happening from past days after little correction...
2. It May continue sideway move and give upside/downside move after few days
3. Breakdown, through which we may conclude that the nifty is ready for bigger correction...
Targets in Case of Breakout : 9710/9750/9800+
whereas SL will be : 9650
Targets in Case of Breakdown : 9535/9480/9360-
whereas SL will be : 9630
Note: Do your own study before making any position...
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1. Chances are it may give breakout and follow uptrend channel which was happening from past days after little correction...
2. It May continue sideway move and give upside/downside move after few days
3. Breakdown, through which we may conclude that the nifty is ready for bigger correction...
Targets in Case of Breakout : 9710/9750/9800+
whereas SL will be : 9650
Targets in Case of Breakdown : 9535/9480/9360-
whereas SL will be : 9630
Note: Do your own study before making any position...
Please Like, Follow and Comment your views below...
Trade active
Comment:
will it give breakout???
Comment:
:D
Trade active
Comment:
again inside a range
Trade active:
wait for clear direction
Trade active:
Short short and only short :D
Trade active:
positive RSI divergance on the hourly charts of nifty...
Comment:
do nifty took support over 50 Days EMA?
