NIFTY EXPANDING TRIANGLE
Nifty is constantly facing resistance at 18400.
In the process formed a expanding triangle where price has failed constantly at 18400-18410 levels.
Wait for price to close above 18400 levels and settle around 18450 then a buy position can be taken.
Our stop loss should be around 18375.
18600-18700 --- can be trargeted for short term basis.
Cheers,
priceNpedia
In the process formed a expanding triangle where price has failed constantly at 18400-18410 levels.
Wait for price to close above 18400 levels and settle around 18450 then a buy position can be taken.
Our stop loss should be around 18375.
18600-18700 --- can be trargeted for short term basis.
Cheers,
priceNpedia
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