Nifty has formed a Diamond Bottom pattern.
Low of the diamond coincides with Nifty new support zone around 10900. Took support from here and now in uptrend.
Diamond's upper resistance line has been broken yesterday suggesting a possible NIFTY breakout.
Breakout candle length isn't upto the mark but can be considered in view of a bullish nifty due to positive news surrounding covid vaccines.
This week Nifty Target would be around 11400-11450.
Low of the diamond coincides with Nifty new support zone around 10900. Took support from here and now in uptrend.
Diamond's upper resistance line has been broken yesterday suggesting a possible NIFTY breakout.
Breakout candle length isn't upto the mark but can be considered in view of a bullish nifty due to positive news surrounding covid vaccines.
This week Nifty Target would be around 11400-11450.
Trade fechado: objetivo atingido
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.