Will NIFTY consolidate or will show a strong SELL OFF ?
Nifty has touched the upper trendline, previously whenever Nifty has touches the upper trendline it has give a correction or a sideways movement and slow downward movement.
23800 looks like a strong support zone also a breakout point for the Flag pattern. It can touch it and have a strong retest at that level and start its journey towards 24800 levels !!
23800 looks like a strong support zone also a breakout point for the Flag pattern. It can touch it and have a strong retest at that level and start its journey towards 24800 levels !!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.