Get started
chinmayjog

NIFTY stuck in a triangle pattern

Nifty 50 Index (NSE:NIFTY)  
chinmayjog  
NSE:NIFTY   Nifty 50 Index
Trend Analysis Chart Patterns Technical Indicators
6
0
trendanalysis chartpattern indicator
NIFTY is perfectly following the trend lines on top and bottom forming a triangle pattern. 17150 on the lower side is a big support even if 17350 is broken on daily chart. On the upside, 17400 is now a resistance. Unless the trend on either side is broken decisively, NIFTY looks sideways.

DISCLAIMER: I am not a SEBI registered advisor. Views strictly personal and for educational purpose.

Related Ideas

chinmayjog
NIFTY in sideways zone
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.