Nifty 50 Weekly: Bounce off the Support Line

NSE:NIFTY   Nifty 50 Index
The Nifty 50 index bounced off the lower parallel of the Wyckoff reverse-trend-channel. Here is the chart with pitchforks . Notice how price bounces off the first warning line of the green pitchfork .

Outlook is bullish for the Nifty as long as the recent lows are not violated...
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