NIFTY LONG TERM TREND

٣ يوليو ٢٠٢٠

From 2009 nifty has been in the same trend ie traveling within the same channel width. Now due to covid the trend has been broken during march 2020.now the nifty is again rising back on the same channel track. This is just to find the major trend of the nifty.choose highest timeframe ie.month tf.Draw the trend line connecting the maximum number of wicks so close to the body as mentioned in the above pic. Now will analyse the chart further in detail to pick up the day trade.