
NIFTY Technical Outlook: Ascending Triangle Points to Potential Breakout
NIFTY has recovered strongly from its June low near 22,300 and is now trading near an important resistance zone of 24,500–24,600 . This level has stopped the index from moving higher several times, making it the key hurdle for the next major move. On the daily chart, NIFTY is forming an Ascending Triangle , which is generally considered a bullish pattern. It shows that buyers are becoming more confident, as they are buying every dip at higher levels, while sellers continue to defend the same resistance area. This indicates that buying pressure is gradually increasing. The overall trend remains positive as the index is forming a series of high…


