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Nifty at cusp of breaking Inverted Cup and Handle

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Indeks Nifty 50 (NSE:NIFTY)  
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NSE:NIFTY   Indeks Nifty 50
Support and Resistance Cup And Handle NIFTY niftyprediction
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supportandresistance cupandhandle nifty niftyprediction
Similar to Banknifty, Nifty is at the cusp of breaking the inverted cup and handle pattern.
If the neckline is broken, the target for the next month period should be 16832
Dagangan aktif:
The neckline is broken. Nifty is 500 points away from its target
Komen:
Today's candle is just a retracement candle and should not be mistaken as trend reversal.
Tomorrow most likely there would be a gap up touching or crossing up the support line. However, i would be more interested in where the close is.

If the close is below 17500-17520 then next target would be 17200.

If the close is above 17500 then price is most likely to touch 17650-1700 before reversing down.

On the overall i am still bearish on Nifty.

Idea Berkaitan

abhi1invest
Bank Nifty is at cusp of breaking Inverted Cup and Handle
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