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NeeteshJain

NIFTY - UPCOMING FINAL "DIRECTIONAL BREAKOUT"

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Indice NIFTY 50 (NSE:NIFTY)  
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NSE:NIFTY   Indice NIFTY 50
Chart Patterns NIFTY markets Ascending Triangle
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5
chartpattern nifty markets ascendingtriangle
It is been observed that the markets are consolidating for more than a week and now it has formed and completed an ascending triangle pattern formation and once breakout confirms on either side of the formation then it shall provide a good directional move in the market.

Key Levels: Support 9910 Resistance 9965 (55 points range)
Commentaire:
Currently, Markets consolidating, It is wise to not take any new trades until further direction is confirmed. Thanks
Commentaire:
Nifty continues to be range bound as both key support and resistance levels still intact. Thanks.
Commentaire:
Another way to look at on daily chart,

snapshot

Levels 9910 & 9960

Thanks

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