A Bullish Breakout Analysis of NIFTY
In the case of Nifty, the analysis of an ascending channel involves the following steps:
1. Identifying the Trend
Bank Nifty is in an overall uptrend, with a clear formation of higher highs and higher lows.
The upward-sloping channel is confirmed by drawing two parallel lines that contain the price movement
o The lower trendline (support) connects the series of higher lows.
o The upper trendline (resistance) connects the series of higher highs.
• The more times the price touches these lines, the more valid the channel becomes.
1. Identifying the Trend
Bank Nifty is in an overall uptrend, with a clear formation of higher highs and higher lows.
The upward-sloping channel is confirmed by drawing two parallel lines that contain the price movement
o The lower trendline (support) connects the series of higher lows.
o The upper trendline (resistance) connects the series of higher highs.
• The more times the price touches these lines, the more valid the channel becomes.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.