Nifty is running in a Channel.
Channel is part of chart analysis in which a stock runs within two trendlines that works as support and resistance for that stock. If it breaks the resistance with a strong signal then go for long (buy) position otherwise go for short (sell) position on support breakout.
Nifty has tested almost 5 times both support and resistance, soon we may see a breakout.
Channel is part of chart analysis in which a stock runs within two trendlines that works as support and resistance for that stock. If it breaks the resistance with a strong signal then go for long (buy) position otherwise go for short (sell) position on support breakout.
Nifty has tested almost 5 times both support and resistance, soon we may see a breakout.
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