NIFTY50 - TRIANGLE PATTERN - 30MIN CHART.Today it was Nifty's weekly expiry and as usual it didn't do anything, just spent time and ate premiums.
Now Nifty has made a Triangle pattern, it is facing continous Resistance at the upper Trendline and taking support at lower trendline.
A strong Hammer candle formation. Now there are two strong reason of an upside move, first the Hammer candle+Triangle pattern and PRO is buying from last 3-4 days and has increased its position.
But we should work in probabilities, in case it breaks down and breaks 23500 support then we may see 23000.
Price action analysis.
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For learning and educational purposes only, not a trading advice. Pls consult your financial advisor before investing.