As price was moving in uptrend channel and taking resistance of Upper band @ 16700-16800 levels and now reversing to downside.
Now 1st support @ 16500 and 16350.
As prices moving in perfect downtrend channel but at lower band Support and one horizontal bas also @ 68-72, so if holds than one bounce can expect from here to 80, 85+ (1st resistance area).
Hi everyone,
This is my first post in Trading view.
As per my analysis, Nifty made Rising Wedge Pattern in past weeks where breakout should be at downward side. So it's looks like falls breakout to upward. One more point It just completed almost 50% retracement till 9889 from bottom.
So in upcoming weeks, 9300 will going to be a major support for uptrend, it...
