Nifty Uptrend movement potential upto 17700 in 15 min timeframe.

Nifty Uptrend movement potential upto 17700 in 15 min timeframe.

Time frame:Day chart
In higher time frame, Nifty is on downtrend movement.
Check the moving average and Macd Indicator, Moving average 20 is below moving average 40 and MACD, the value is below zero. So, Nifty indicates downtrend movement in higher time frame.

Time frame :15 minutes
In 15 minutes ,the value of the Nifty breaks out of the parallel channel and is going up Trend up to 17700.
Check the MA & MACD. THe value f MAC is above zero.Moving average 6 is above MA 20 && MA 20 is above MA40.So, this indicates Uptrend Movement in a lower time frame.

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