Nifty Market Update: Symmetric Triangle Pattern in Formation

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On September 12, 2024 (Today), NIFTY opened with a gap-up of more than 100 points, showing early bullish momentum. The index is now trading within a range and appears to be forming a symmetric triangle pattern, indicating potential breakout action. Key levels to watch are the day’s support at 24,978.20 and at 24884.85 and resistance at 25,141.15. A breakout above or below these levels could set the tone for the next trend.

Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Always consult a professional before making trading / investment decisions.

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ملاحظة

Took Support at lower channel and reversed.

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ملاحظة

Symmetric Triangle Breakout - Target Achieved!