NIFTY--@Traingle Breakout??

NIFTY Index is now at golden zone of fibonacci
we are still left with some more points on the bottom side at 21500-21520 levels...
previously a strong bullishness is observed as well from this zone...
price is also trading narrow in a trendline most chances of breakout from this levels...
wait for the price to break the trendline and retest for longer side...
otherwise a continuation may happens...
on bottom side we have strong support lies at 21300 levels...
keep mark this zone as well,if it will continue downside will look for buy at 21300 levels...
price clears the liquidity at 21600 levels....
---------------------------------

Comment:

its now at trendline...resistance lies above this levels...

Comment:

Enter long if again breaks and retest

Comment:

otherwise it will test demands...fake out of trendline and trendline liquidity

Comment:

keeping the stoploss above trendline

Comment:

If consolidation happens more chances of breakout.

Comment:

if price give an elimination move take small risk and enter long...