Nifty 50 Weekly: Bounce off the Support Line

6 באפר׳ 2018

The Nifty 50 index bounced off the lower parallel of the Wyckoff reverse-trend-channel. Here is the chart with pitchforks. Notice how price bounces off the first warning line of the green pitchfork.

Outlook is bullish for the Nifty as long as the recent lows are not violated...