Nifty has formed a Diamond Bottom pattern.
Low of the diamond coincides with Nifty new support zone around 10900. Took support from here and now in uptrend.
Diamond's upper resistance line has been broken yesterday suggesting a possible NIFTY breakout.
Breakout candle length isn't upto the mark but can be considered in view of a bullish nifty due to positive news surrounding covid vaccines.
This week Nifty Target would be around 11400-11450.
Low of the diamond coincides with Nifty new support zone around 10900. Took support from here and now in uptrend.
Diamond's upper resistance line has been broken yesterday suggesting a possible NIFTY breakout.
Breakout candle length isn't upto the mark but can be considered in view of a bullish nifty due to positive news surrounding covid vaccines.
This week Nifty Target would be around 11400-11450.
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Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.