Simple Breakout above 392 for a target of ATH- 565 levels if breaks 20d EMA support at 339 then pattern invalid, buy once breaks neckline with SL at 384.
NIfty-50 under pressure and closed under 21 & 50 days Ema, if this pattern is to be held true then one may expect downfall below 143420-14390 levels before 10th March following which crucial support will be 14270 and 14000. Further, added global cues might decide the short term range but market to remain volatile due to: Negative/ Below Satisfactory...
Long opportunity persists if supports respected levels and once sustains 716.1 levels for at least 2 trading sessions.
Retracement on cards if breaches the resistance level mentioned above! Major support at 14900-14800 at low levels
Important Levels to look for: Buy above 3345 - Upper Resistance, for a target - 3903 with Sl - 3250 Pattern confirmation only once breached 3390 levels.