NIFTY is in uptrend on 1 hour chart, but in the last trading session a range bound move was observed. If it breakout above this range then one can enter into a long position or if it breakdowns the lower range then a trend line breakdown will also support a short position.
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.
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.