What after nifty breakout now?

13 ott 2023

As per out last analysis nifty has breakout that falling wedge pattern. yesterday as it was expiry it was range bound in the range 19780-19830. today's momentum will decide which side nifty is going to move. so we have to keep our bias neutral.
Reason:

1. Sideways range bound moment whole day yesterday. (Neutral)
   
2. nifty has given the breakout of falling wedge. ( Bullish)
   
3. Option chain PCR = 1.01 (Bullish but its initial 1st day of week)
   
4. RSI < 50 downtrend (Bearish)
   
5. Price < EMA(13) (Bearis)
   

Verdict
As Biases are both side Its Neutral

Plan of Action:
wait for 15 min candle and then make positions as marked on the chart.