Get started
Happy_Candles_Investment

Nifty on hourly chart on the verge of Cup and Handle Formation.

Long
Nifty 50 Index (NSE:NIFTY)  
Happy_Candles_Investment  
NSE:NIFTY   Nifty 50 Index
Trend Analysis Support and Resistance Candlestick Analysis NIFTY nifty50 niftyhourly niftyhourlycupandhandle niftylong niftytrend niftyanalysis spotnifty
0
0
trendanalysis supportandresistance candlestick nifty nifty50 niftyhourly niftyhourlycupandhandle niftylong niftytrend niftyanalysis spotnifty
A Cup and Handle kind of structure is forming on the hourly chart of Nifty. For the structure to complete Nifty has to close above 17429. In that case the next resistances for Nifty will be at 17472, 17528 (Strong Resistance) Closing above 17528 can potentially take Nifty to 17647 and 17803. Supports for Nifty remain at the levels of 17310, 17212 and 17171. The Bias in Nifty still remains positive.
Happy Candles Investment
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.