Nifty Channel

1. Nifty finally broken the Hourly- channel.
2. It is above yesterday's high. If closes  above 7400, then further confirmation of trend change.
    7500 to 7620 resistance zone.

Nifty-Hourly - Channel breakout

Channel breakout again. Hourly MACD crossover & positive divergence.
Looks like downside over for the time, and counter wave started. Ist target 7550-7600 range.

Nifty - View

Nifty has not been able to cross the Pivot Highs even in a 30minute chart. The trend is down till it crosses and stays above 7620. Below is a Nifty future chart. Premium is Nil.

Nifty breaks out of the falling channel

Nifty Channel breaks 7890 level

Looks like upward journey completed for the time being.
Let's see how far it retraces now ....?