Nifty has started its indecisive movement again. Triangle is the best example of a choppy correction, and the break of the structure can give us an excellent opportunity for trading decisions.
Price Action Perspective:
Currently, the price is at the control line of the parallel channel.
Traders are getting trapped in the choppy move of the market. It is hard to take swing decisions due to indecisive movement. If you are waiting for a good swing trade, you can consider the range of 17400 – 17000.
If the price sustains below 17000, traders can expect good selling up to 16900 – 16821 – 16769 below. But safe buying is only possible above 17400, and it can go up to 17600 – 17768 – 17843+.
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Have you any questions/feedback about this article? Please leave your queries in the comment box for answers.
sir, apke sare targets hit hogaye he. and maine 17800 ka pe buy kiya tha aur usme accha profit kiya he. Thank you very much for this chart
The bulls are still weak. Your chart is a masterpiece. I agree with your analysis.
The bearish scenario is much more reliable.