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Triangularpattern

Nifty - Bounce & Collapse (Buy & Sell)Buy - Strictly Holding Above 14590 -14600 for 14765 (Target 1) & 14850 (Target 2) Sell - If Index pushes upside into the zone 14850-14900 zone & halts or stops with strict stops above 15000+ for downside 14590-14600 (Target 1) / 14260 (Target 2) / 14050 (Target 3) Happy Weekend -------------------------------------------------------------------------------------------------------------------------- Last Idea ----------------------------
NSE:NIFTY
by WaveTalks
20
Nifty Slightly bullish (Triangle pattern)> PCR is 0.5 and the FII have again shorted in cash and index future. > Except Europe, all the others are falling including US. > Data backing the market is negative like the options data, FII and global market. But Price action is in a triangle pattern. yesterday market took support on the pattern and its up. (just take two seconds out to see our yesterdays analysis post. if you follow that then you can understand price action like a stroy). > This is a mixed signal we cannot act in the open. wait till the market reaches support to buy and resistance to sell. support and resistance is marked in the chart
NSE:NIFTY
by VigneshkumarR
1