Consolidation Ahead?
On the Hourly chart, Nifty seems to be getting ready to take a breather from the recent rally,
It also resembles a rounding top or a double top, but on the shorter time frames, which also gives it lower credibility. The uptrend seems to be intact for now, but the price action opens some possibility for a small retracement or a consolidation.
It also resembles a rounding top or a double top, but on the shorter time frames, which also gives it lower credibility. The uptrend seems to be intact for now, but the price action opens some possibility for a small retracement or a consolidation.
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