NIFTY BEARISH

I think nifty can be bearish from this area as it is in a trend and it has taken a resistance from its trendline.
If it breaks its support it can clearly fall.
So I would suggest not to take any swing positions for few days.
Don't trade in nifty considering this pattern as trading in index can be risky.

ONLY FOR EDUCATIONAL PURPOSE.!
Chart PatternsSupport and ResistanceTrend Analysis

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