The two levels act as resistance zone . This zone is confluence of Fib 50% retracement level, 200 ema , trendline retest/resistance, and a broken support level which turned into resistance (this level held nicely during last bullish breakout retest, so strong support turned into strong resistance)
Educational Purpose.
The trend line is a straight line that connects the minimum two price points to show the general direction in which price points seem to be going. Traditionally, the trend is used to find the next future price resulting in, it gives the trader a good idea of the direction, in which an investment's value might move. We basically use the trend line for entry...
Nifty Analysis - Details are described on monthly chart
Educational purposes.
Educational Purpose.
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Educational Purpose.
EDUCATIONAL PURPOSE. FOLLOW US ON TRADING VIEW.
Price action is bullish as long as it holds the trend line