Falling parallel channel formation on Nifty Spot

Actualizado
Another parallel channel formation seen (falling channel) on Nifty Spot....if this breaks out we could see a retest of recent highs to make fresh ATH sooner..
This is not a trading recommendation. Pls consult your financial advisor for proper guidance.
Operación activa
so far price has moved favorably as expected...now a breakout is all that is needed for bulls to take full charge
Operación activa
price tested the upper TL,,,bulls need to show more power to move away from the falling channel
Operación activa
NS needs a daily close above 22150 (ideally 22180) for bulls to resume the upside move in my view
Operación activa
price has closed above the upper TL of the falling channel, but not closed convincingly...need confirmation tomorrow
Operación activa
bulls showed their power today at opening itself....good going
Operación activa
just 10 more points for previous ATH...bulls did a wonderful job
Operación cerrada: objetivo alcanzado
Fresh ATH done as expected....closed the trade
Chart Patterns

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