Nifty at a Crossroads: Trendline Break and Resistance Levels
As discussed earlier, Nifty broke the trendline. To confirm a bullish movement in the coming days, Nifty needs to:
Break the strong resistance at the 24340 level.
Sustain this breakout.
Achieve a strong close above 24340.
If these conditions are met, we can expect a bullish movement. However, Nifty may retrace to the trendline before resuming its upward movement.
Break the strong resistance at the 24340 level.
Sustain this breakout.
Achieve a strong close above 24340.
If these conditions are met, we can expect a bullish movement. However, Nifty may retrace to the trendline before resuming its upward movement.
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