Nifty has been forming a downtrend channel for 140 days. After creating excess on the descending channel, the price has surged sharply.
Price surge stopped between the range of 17110 – 17144. It connotes that nifty can give a big move after the breakout of the parallel channel.
If the Nifty breaches the upper band, we can expect 17365 – 17562 – 1760.
The breakdown of the lower boundary can drive the nifty up to 17026 – 16955 – 16880.
Otherwise, nifty will be the value area until it breaks these levels.
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Sir nifty abhi consolidation karrahi he. and fake breakouts derahi he.
wow, very clear and crisp, understandable easily
very informative sir….thanks
Thank you for sharing sir. You calls are very accurate. Lets give a try to your paid service