Falling parallel channel formation on Nifty Spot

Another parallel channel formation seen (falling channel) on Nifty Spot....if this breaks out we could see a retest of recent highs to make fresh ATH sooner..
This is not a trading recommendation. Pls consult your financial advisor for proper guidance.

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so far price has moved favorably as expected...now a breakout is all that is needed for bulls to take full charge

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price tested the upper TL,,,bulls need to show more power to move away from the falling channel

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NS needs a daily close above 22150 (ideally 22180) for bulls to resume the upside move in my view

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price has closed above the upper TL of the falling channel, but not closed convincingly...need confirmation tomorrow

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bulls showed their power today at opening itself....good going

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just 10 more points for previous ATH...bulls did a wonderful job

Transakcja zamknięta: osiągnięto wyznaczony cel:

Fresh ATH done as expected....closed the trade