60Mins TF - Nifty is moving up in a channel making higher highs and lower lows in last three sessions. Bear made 3 unsuccessful attempt to close Nifty below 200DMA. Looking at the channel, there may be breakout above 6048 or breakdown below 6000-5990.
If breakout above 6048, then T1 - 6070, T2-6118, SL 6036
If breadown below 6000, then T1 - 5978, T2-6030, SL 6012
Week TF - Weekly hammer is in making. A close on Friday between 6071-6117 will validate this pattern.
If breakout above 6048, then T1 - 6070, T2-6118, SL 6036
If breadown below 6000, then T1 - 5978, T2-6030, SL 6012
Week TF - Weekly hammer is in making. A close on Friday between 6071-6117 will validate this pattern.
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