Nifty 50
Nifty has been facing resistance multiple times at the upper trendline levels, which indicates that this resistance zone is now weaker and since 20th March it has been observed that Nifty has been forming higher lows which can be seen along the rising trendline, as denoted on the chart.
In the upcoming 1 or 2 trading days, if Nifty breaks and sustains above the resistance trendline and previous swing high then we may have a positive and strong breakout in Nifty 50. Taking it to a new ATHs.
#DYDD
Nifty has been facing resistance multiple times at the upper trendline levels, which indicates that this resistance zone is now weaker and since 20th March it has been observed that Nifty has been forming higher lows which can be seen along the rising trendline, as denoted on the chart.
In the upcoming 1 or 2 trading days, if Nifty breaks and sustains above the resistance trendline and previous swing high then we may have a positive and strong breakout in Nifty 50. Taking it to a new ATHs.
#DYDD