Nifty has given breakout from the descending triangle by giving a bullish Higher Low / W formation. Owing to the global cues today, Nifty might open flat or slight gap down but that doesnt mean it has become bearish.
There is a possibility that it might take a retracement to retest the trendline again and that can be the possible region between 18010-18050. Watch out for bullish reversal at this particular region.
Happy Trading and Best of Luck!!
Disclaimer - This is not trade recommendation or advice. This is purely for educational purposes. Do your own research before entering into a trade.
There is a possibility that it might take a retracement to retest the trendline again and that can be the possible region between 18010-18050. Watch out for bullish reversal at this particular region.
Happy Trading and Best of Luck!!
Disclaimer - This is not trade recommendation or advice. This is purely for educational purposes. Do your own research before entering into a trade.