NIFTY Top Of Expanding Triangle- Trade Plan And Important Levels
As discussed in the last video, NIFTY crossed and gapped up above the levels of 17,800 .
After a 700 point rally without a pause , a sideways to down consolidation can be expected . Currently the price is also stalling near the top of the expanding triangle. For the downside , the low of today i.e. 17,775 becomes crucial support for selling PE and if the market breaks above the high of today , then you can expect it to test the next resistance area of 18,350.
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After a 700 point rally without a pause , a sideways to down consolidation can be expected . Currently the price is also stalling near the top of the expanding triangle. For the downside , the low of today i.e. 17,775 becomes crucial support for selling PE and if the market breaks above the high of today , then you can expect it to test the next resistance area of 18,350.
Follow piyushrawtani for more!
Cheers
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