NIFTY yet to decide the trend!

14 thg 6

As we can see despite various attempts and strong openings, NIFTY ends up closing in red facing resistance from the structure hence we can expect NIFTY being sideways to negative till it is below the structure. On the other hand, we can see NIFTY forming more like flag-pole pattern which is a trend continuation pattern hence we may expect a strong unidirectional upmove if structure is broken above and sustained so plan your trades accordingly.