Ascending Triangle formation
Above the resistance of 43.5 can touch 46.5
RSI is favorable at 58
Today it gave a breakout of 43.5 with volume but even if it doesn't close above 43.5 today , it may do so in days to come.
Keep a close watch.
NIFTY 50 monthly chart with EMA 55, comparing with its long-term trend channel indicates that markets have to trade above 10,200 levels to regain bullish trend. Until then, markets are likely to be consolidate within a bearish move, with short-term bull relief rallies, providing trading opportunities only. I have constructed an approximation of trend channel,...