Indice Nifty 50
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NIFTY will breakout on the upside or downside soon

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Rectangle Pattern Breakout - NIFTY is trading inside a rectangle pattern and will break out of the pattern anytime either upwards or downwards
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Rectangle on 5-min Timeframe - Above is the nifty chart on 5-min timeframe which more clearly shows that nifty is trading inside a perfect formed rectangle pattern

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Strong Resistance Level - Above is another image of nifty on 5-min timeframe indicating how the lower line of the rectangle had been tested 3 times already (including once yesterday) indicating the strength of the pattern


Target - target will be 95 points away from the place where the market breaks out on the rectangle. Upside or downside breakout both seem equally probable at this point.
Nota
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Trade Active - Bullish as breakout has occurred on upside
Trade chiuso: obiettivo raggiunto
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market has hit the target within a short period of time and gave good returns

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