Nifty In Technical Charts: Trend Is Still Hopeful Of Upside Breakout

Levels for the coming week have been revised upwards. The higher breakout point would be 23,500 and the minimum expectation is 23,610.

<div class="paragraphs"><p>(Source: PVProductions on Freepik)</p></div>
(Source: PVProductions on Freepik)
The last week of trading was rather uneventful, as recent weeks go. The market remained confined within a small range, which had already been anticipated in last week's letter. I had written, “Looking at time cycles for the coming week, I don’t find anything encouraging for the week ahead. So, we may have neutral days with maybe a down bias through the week. This would obviate aggressive long trades. Or, take quick profits on longs. ...
To continue reading this story
Subscribe to unlock & enjoy all Members-only benefits

Choose a plan

Renews automatically. Cancel anytime.
Still Not convinced ? Know More