Nifty falling channel breakout
Index bounced aggressively after making a temporary bottom at 21823. 21823 stays an important level to watch out for, If index sustains below 22000 and starts sliding long traders should exit their position!
Falling channel breakout gives us the following targets -
Target 1 - 21350 zone
Target 2 - 21500/530 zone
Strict Sl once the index starts sliding below 22000 and starts sustaining below it!
Falling channel breakout gives us the following targets -
Target 1 - 21350 zone
Target 2 - 21500/530 zone
Strict Sl once the index starts sliding below 22000 and starts sustaining below it!
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