Nifty - Breakdown on 2 Hourly Chart

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Pennant Breakdown usually are bearish continuation patterns!

Nifty has broken down from a consolidation & it seems that it will find resistance near 16950 levels

Support for Nifty is near 16200 Levels
Dagangan ditutup: sasaran tercapai
Pattern target reached

Now 16150 to 16200 will act as good support , whereas 16600 & 16900 will act as a resistance
Bearish PennantChart PatternsNIFTYnifty50Trend Analysis

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