NIFTY INDEX – Symmetrical Triangle Pattern in 30mins chart – 1st July ’20 View

NIFTY INDEX

#NIFTY is trading in a 200 points range since last week & has formed a symmetrical triangle pattern in a 30mins chart.

RSI has taken support from 40-level, yet in a bearish trend .
TT2 Tools are Bullish in 30mins and Daily.

If the price breaks-out of the triangle pattern and moves above 10410, the next resistance is 10550.

If the price breaks-down and falls below 10190, the next support is 10150/10000 on a 30mins chart.

KEEP AN EYE!!

***in case of GAP opening, the given levels become invalid.
***this is my personal view. Please take advice from your financial advisor before investing.