Nifty has formed bearish pennant chart pattern also known as descending triangle pattern on 15mins TF.
White lines are the Pivot zone.
Upside targets are the green lines and downside targets are the red lines.
If the yellow trendline of the parallel channel on Daily TF is breached then next level to watch out is for 17200 and 16800 on the downside.
Chart PatternsNIFTYnifty50niftyintradaylevelsniftyintradaysetupniftytradesetupTrend Analysis

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