Nifty is back on an Important Resistance, Possible Sell Off

٣ يونيو ٢٠٢٣

Nifty has formed an ascending channel with a strong upward impulsive wave, nearing the resistance level. The identified resistance zone has shown significant selling pressure in the past, suggesting a high probability of similar price action. A bearish momentum and breakout from the channel are expected, leading to a potential retracement to the downside.