Forming an Ascending triangle pattern on hourly chart.
Resistance has been tested multiple times.
If it breaks supply zone marked on chart the there is possibility of uptrend in next week.
1st target will be 16122
2nd target 16240.
If it breaks the trend line then it will take support @ 15556. & their are chances of uptrend.
This is my personal Opinion about NIFTY 50 .
Take it as educational purpose. I am not SEBI registered or any Stock market expert.
I am not responsible for PROFIT or LOSS.
Resistance has been tested multiple times.
If it breaks supply zone marked on chart the there is possibility of uptrend in next week.
1st target will be 16122
2nd target 16240.
If it breaks the trend line then it will take support @ 15556. & their are chances of uptrend.
This is my personal Opinion about NIFTY 50 .
Take it as educational purpose. I am not SEBI registered or any Stock market expert.
I am not responsible for PROFIT or LOSS.