Nifty in Resistance zone
Nifty now in the resistance zone of 17490-17600, needs to break out of this zone to move upwards.
Today index closed within the resistance zone with a Doji candle formation. Need to watch the behaviour of Nifty in this zone very carefully, as to whether it breaks out above 17600 or gets rejected & continues in the descending channel.
Only for educational purposes, not a recommendation.
Today index closed within the resistance zone with a Doji candle formation. Need to watch the behaviour of Nifty in this zone very carefully, as to whether it breaks out above 17600 or gets rejected & continues in the descending channel.
Only for educational purposes, not a recommendation.
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