Nifty higher TF view
Nifty travelling in a channel as per 4 hrs TF. But has hit resistance at the trendline .
Possible scenario 1: is we may break down the channel and take support at Lower trendline at 18050 level ( which itself is looking like a wedge formation) .
Scenario 2 : if we sustain above this resistance we may attempt for targets of 18580 and 2nd target @ 18869
Possible scenario 1: is we may break down the channel and take support at Lower trendline at 18050 level ( which itself is looking like a wedge formation) .
Scenario 2 : if we sustain above this resistance we may attempt for targets of 18580 and 2nd target @ 18869
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