Hi Friends It looks like that Nifty is Correcting after a breakout just before Budget because it just taking a support of 11780
A Trend Line Support is here so I think Nifty should bounce from here right before Budget and It might test previous high's again.
After a Breakout similar to rising three method seen in nifty 4 hours chart. If it fails than it can go down to test much stronger support of 11650. But I'm Bullish Right Now because history is favouring July.
A Trend Line Support is here so I think Nifty should bounce from here right before Budget and It might test previous high's again.
After a Breakout similar to rising three method seen in nifty 4 hours chart. If it fails than it can go down to test much stronger support of 11650. But I'm Bullish Right Now because history is favouring July.
Nota
Nifty Successfully Closed above 11854 and heading upwards positivelyNota
Nifty is respecting Trend Line by taking its support.Nota
A Small Hurdle at 11970Nota
Exactly Nifty Faced Resistance at 11970 today.
Penafian
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.