Nifty has created descending triangle pattern in range of last 9-10 days. Descending triangle shows bearish sentiment in market.
Nifty made false breakout of parallel channel of 10 months range. Now, Nifty is back in its channel and will continue the upside move. 20000 level can be seen in next 2 months. This is my analysis and view for market movement in upcoming days, please trade as per you risk management or financial advisor.
Hello guys, I have took this trade for today. I spotted an inverted hammer and then I got confirmation of pattern breakout. I had planned for R:R of 1:1 which was acheived whithin 20 min.