3 possibilities for NIFTY50
Updated
Nifty can do 3 things from here here:
Which do you think more likely?
- form a double top at today's high @22525 and retrace to 21750-21700
- move towards the top of the channel @22725-22800 and stay in between 22500-22800.
- make a breakout and zoom towards 24000
Which do you think more likely?
Trade active
Breakout from the double top confirmed now moving towards 22800,Trade closed: target reached
achieved 22800, and reversed with a long negative candle so watchout.
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