A Broadening pattern is apparent on the daily charts of cnx nifty.
Nifty was seen taking support at the 45 EMA from past three session.
In today's session gap up opening and follow up rally took the nifty to the upper end of the Broadening Pattern.
Nifty has retraced about 127.2% of its previous down fall from 8445 to 8068.
Tomorrow session is important to see, as what nifty would do at these levels, would it take resistance ?? or would breakout happen?
.png)
No comments:
Post a Comment