NIFTY 50 YOU SHOULD SEE THIS BEFORE BIG MOVE
Hello masters, hope you doing well.
Update regarding NIFTY 50 chart, as we can see triangle formation in chart, this formation can lead price to both direction depends in which direction price break. Currently price at support zone, we have 200DMA support in 4hour chart which always act as good support in many chart. So if you are going to trade this then pay attention closely and wait for clear breakout in one direction.
I have mentioned possible scenarios which are highly likely, so trade accordingly with proper setup and always place stop-loss.
Do like and follow for more charts :)
Update regarding NIFTY 50 chart, as we can see triangle formation in chart, this formation can lead price to both direction depends in which direction price break. Currently price at support zone, we have 200DMA support in 4hour chart which always act as good support in many chart. So if you are going to trade this then pay attention closely and wait for clear breakout in one direction.
I have mentioned possible scenarios which are highly likely, so trade accordingly with proper setup and always place stop-loss.
Do like and follow for more charts :)
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.