Nifty Pharma Index
Long
Updated

42. Passive Ana. breakout from the channel has 70% probability

59
For Educational purpose only
Breakout from the channel has a probability of around 70%.
A strong breakout failure at bottom of the channel needs to conform the scenario
Note
near by demand zone
wait price action near demand zone
Note
need further price action data to confirm the demand zone; expect breakout failure

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