Nifty - Breakdown on 2 Hourly Chart

Pennant Breakdown usually are bearish continuation patterns!

Nifty has broken down from a consolidation & it seems that it will find resistance near 16950 levels

Support for Nifty is near 16200 Levels

İşlem kapandı: hedefe ulaştı:

Pattern target reached

Now 16150 to 16200 will act as good support , whereas 16600 & 16900 will act as a resistance