As per the chart above, nifty entered into the support trendline again. That's clear sign bulls are stepping in. If it remains above the support trendline on Monday, we can expect target levels of 16490 - 16580 - 16680. It could skyrocket up to 17000 level.
And if it breaks the support trendline, then a downtrend will begin. What will happen in a downtrend? In the forthcoming report, I will update you.
And if it breaks the support trendline, then a downtrend will begin. What will happen in a downtrend? In the forthcoming report, I will update you.
Trade closed: target reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.