The chart shows the Nifty 50 Index's weekly price movement over the past few years, highlighting a key ascending channel. It appears that the index recently tested and broke below the channel's lower trendline, indicating a potential reversal or a major support level breakdown. The marked horizontal support levels around 24,302 and 21,556 suggest significant price...
Reliance long trade if it closes above the blue line today, Cup and handle pattern will follow
The chart made a cup on Weekly Time Frame, If breakdown happens a strong buy at 2650 to 2600 level as per the trend line set in the graphs
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The stock is in a downtrend for a long time, from match it is taking the support of 200MA and moving up in the daily timeframe, and is about to break out in the Monthly charts as well expecting a bullish move soon