Pennant Breakdown usually are bearish continuation patterns!
Nifty has broken down from a consolidation & it seems that it will find resistance near 16950 levels
Support for Nifty is near 16200 Levels
Nifty has broken down from a consolidation & it seems that it will find resistance near 16950 levels
Support for Nifty is near 16200 Levels
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Pattern target reached
Now 16150 to 16200 will act as good support , whereas 16600 & 16900 will act as a resistance
Now 16150 to 16200 will act as good support , whereas 16600 & 16900 will act as a resistance