Finnifty - Oct 31

Diupdate
Price gave good move today and now it is forming a channel pattern.
Break out can be in any direction.

Support zone - 19000 - 19020.

Resistance zone - 19290 - 19320.

If price sustains the resistance then it will move to 19360, 19400 and 19460.

If the price is unable to move above resistance, then it will fall towards 19220, 19180, 19140 and 19060.

Trade with care if the price did not show the trend direction.

Based on the assumption that price will react at support/resistance.

Always do your own research. This analysis is for educational purpose only.
Catatan
Gap up. cuplikan
Catatan
Bearish and will test the upper trend line of the channel.
Catatan
Trend line tested. cuplikan
Parallel Channel

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