Nifty Channel Trend Analysis
Nifty is moving inside parallel channel since March 2020 and 3 times has formed temporary inside channels. I have tried to highlight previous instances where similar setup got created and then as a result breakout happened after double rejections. This time 3 rejections has already happened within temporary inside channel and Nifty is again moving up and may try to break upper channel once again.
I am not expert on trendlines therefore i may have overlooked many rules while drawing channels therefore please excuse if I overlooked some serious rules.
What do you think pattern observation has some value it or not?
I am not expert on trendlines therefore i may have overlooked many rules while drawing channels therefore please excuse if I overlooked some serious rules.
What do you think pattern observation has some value it or not?
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.