Nifty Market Update: Symmetric Triangle Pattern in Formation
On September 12, 2024 (Today), 
NIFTY opened with a gap-up of more than 100 points, showing early bullish momentum. The index is now trading within a range and appears to be forming a symmetric triangle pattern, indicating potential breakout action. Key levels to watch are the day’s support at 24,978.20 and at 24884.85 and resistance at 25,141.15. A breakout above or below these levels could set the tone for the next trend.
Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Always consult a professional before making trading / investment decisions.
NIFTY opened with a gap-up of more than 100 points, showing early bullish momentum. The index is now trading within a range and appears to be forming a symmetric triangle pattern, indicating potential breakout action. Key levels to watch are the day’s support at 24,978.20 and at 24884.85 and resistance at 25,141.15. A breakout above or below these levels could set the tone for the next trend. Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Always consult a professional before making trading / investment decisions.
Not
Took Support at lower channel and reversed.
Not
Symmetric Triangle Breakout - Target Achieved!
Questions? Feel free to DM me on TV or on
Telegram: t.me/StableLogic
New Indicator: in.tradingview.com/script/sEyS5dmj-Institutional-Demand-Supply-Indicator/
Step by Step Guide: youtube.com/watch?v=GypfMbXDle0
Telegram: t.me/StableLogic
New Indicator: in.tradingview.com/script/sEyS5dmj-Institutional-Demand-Supply-Indicator/
Step by Step Guide: youtube.com/watch?v=GypfMbXDle0
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.