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Niftytips

Will NIFTY breaks 2020's high 12430?Today nifty has gained 37 rupees after hitting the major support trendline. Nifty & nifty stocks will fluctuate tomorrow. If it stays above the trendline, it will start flying upward from the beginning of the next week. This journey ends at a new high! Therefore, the day traders can buy for the following levels: 12000 - 12260 - 12400+ Technically, its trend is weak. So, if it breaks the major support trendline, then you can sell. Here my targets are: 11300 - 11060 - 10552 - 9972 Please recognize tail, excess, or fakeout before entering a downtrend.
NSE:NIFTY
by forextidings
1
Get Ready For A Big Move in NIFTYAccording to this chart, NSE Nifty had started raising from mid-March. Still, it's in an uptrend, and that has confirmed through my drawn support trendline and dynamic resistance . I have used here 50 MA and 200 MA to identify the next move. Those moving average crossover indicating direct a positive sign, and the price must be trading at or above the 50 MA , this shows a continuation of the trend. Don't forget to keep attention on tail, excess, and fake outs. Further, please have a look at the resistance line ( dotted ) into the chart. Now let's come to the point, at present, nifty has created an ascending triangle . Its base range is 680 points. The nifty price will start marching for 11600 - 11860 - 12000 levels soon after a breakout of a hurdle line. Safe investors may start new positions after consecutive (two or three) positive candles. Keep your eyes open when it moves to hit trend diversion ( 11096 ) level. The trend diversion breakdown may fall the nifty prices from 11096 to 10900 - 10660 .
NSE:NIFTYLong
by forextidings
2