It is been observed that the markets are consolidating for more than a week and now it has formed and completed an ascending triangle pattern formation and once breakout confirms on either side of the formation then it shall provide a good directional move in the market.
Key Levels: Support 9910 Resistance 9965 (55 points range)
Dear Traders,
Teach you about the "Principles of Triangle Pattern". There are 3 types of triangle patterns available.
Symmetric Triangle
Ascending Triangle
Descending Triangle
Symmetric Triangle - It is continuous and neutral trend of the price, may break either side of the triangle. Need to confirm the trade with breakout and as well with trend...
