The market began it's journey to the top on 4th August, 2020.
After the clear breakout of the flag pattern on 21st August, the rally continued.
Reaching the top on 3rd September. It couldn't break the record high and later came down to those same levels for a bounce back.
The second attempt to reach the high was made on 13th October, but failed to do so. Similarly on the 19th as well.
Now, they are heading back to the support channel of 26500-26100.
A huge volatile consolidation might be seen in the coming days.
I don't trade on this particular index, just a broad view to help me trade on NIFTY and BANKNIFTY during the live market hours.
Happy Trading
After the clear breakout of the flag pattern on 21st August, the rally continued.
Reaching the top on 3rd September. It couldn't break the record high and later came down to those same levels for a bounce back.
The second attempt to reach the high was made on 13th October, but failed to do so. Similarly on the 19th as well.
Now, they are heading back to the support channel of 26500-26100.
A huge volatile consolidation might be seen in the coming days.
I don't trade on this particular index, just a broad view to help me trade on NIFTY and BANKNIFTY during the live market hours.
Happy Trading
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免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。