Nearing the Apex point of Symmetrical Triangle on Monthly Charts.
..the down move may not have been done with. Usually, NIFTY has been bottoming out and bouncing from -2/-3 Standard Deviation Zone.
And still offers no sign of breaking out anytime soon.
Bullish Engulfing
Evening Star on Yearly Charts & now resting at / testing the Ascending Triangle Breakout Level.
Leaves nothing to doubt.
Ascending Triangle Breakout.
- Morning Star - Common Gap / Bullish Kicker - Looks like heading to 12120-265 zone
Support Zone at 42-34.
Breaking below 15 Year old Trendline, which is also the Neckline of an inclined H&S.
What do you think happens Next?
Hinging on a very important Trendline.
Take a step back and try and understand the History that this price has, since 2008. All the times it could not cross this price, or crossed and failed. Ideally, it would be a better idea to invest only and only on breakout, with Trailing Stops.
This Index comprises of all the stocks that are in futures segment, and more at this point.
Structural formation. Need to see how it evolves.
Revising the support zone as the shaded one on chart.
Right at the tip of Ascending Triangle.