gvvaidya

Falling parallel channel formation on Nifty Spot

gvvaidya Updated   
NSE:NIFTY   Nifty 50 Index
Another parallel channel formation seen (falling channel) on Nifty Spot....if this breaks out we could see a retest of recent highs to make fresh ATH sooner..
This is not a trading recommendation. Pls consult your financial advisor for proper guidance.
Trade active:
so far price has moved favorably as expected...now a breakout is all that is needed for bulls to take full charge
Trade active:
price tested the upper TL,,,bulls need to show more power to move away from the falling channel
Trade active:
NS needs a daily close above 22150 (ideally 22180) for bulls to resume the upside move in my view
Trade active:
price has closed above the upper TL of the falling channel, but not closed convincingly...need confirmation tomorrow
Trade active:
bulls showed their power today at opening itself....good going
Trade active:
just 10 more points for previous ATH...bulls did a wonderful job
Trade closed: target reached:
Fresh ATH done as expected....closed the trade
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.