NIFTY - Ascending Triangle Formation (Continuation Pattern)

٢١ أغسطس ٢٠١٦

On Hourly Chart of Nifty, I have observed a formation of Ascending Triangle, where we have two almost equal horizontal highs points and Three Higher Lows with Doji formation at the touch of trendline.

This pattern is bullish pattern and indicates accumulation.

Look forward to a breakout with strong candlestick on either side.