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Nifty 50 Index
Long
Updated

NIFTY Weekly FLAG Formation

74
Looks good if it breaks upside of the flag
Trade active
Breakout is almost done, now if it holds, we might see good rise, SL flat upper trendline - good 200+ pts so far
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Still trading strong, this week closing can be trend deciding
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Nifty has good resistane near 15250, couldn't sustain today, as long as it holds 15000, nifty shall touch lifetime high
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As updated, NIFTY is facing tough resistance near 15250, crossed twice but couldn't sustain, tomorrow will be a special day, expecting BN to give support along with Auto/IT.
Trade active
And finally Nifty at life time high and still showing strength. now the previous high will act as support, keep booking profits
Trade closed: target reached
As per fib retracement - resistance is 15779, todays high is 15778.8, fresh buy above this.
Trade closed: target reached
Next resistance is 15906, once it closes above we can see good upside else back to previous ATH.
Vijay_Vishwakarma
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Chart PatternsTrend Analysis

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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Chart PatternsTrend Analysis
Vijay_Vishwakarma
Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.