NIFTY PRICE ACTION (Technical Analysis)

Beautiful Example of Price Action shown by Nifty on Daily chart.
First you can see Consolidation before BULL run.
When BULL run started you can see HH & HL forming in Uptrend Channel
once it reaches the Top it showed Reversal with Continuous red candles
After that a Downtrend with HL & LL forming
and it broke the channel upside - Showing Breakout of Resistance Line

Understanding Simple Price Action in one Chart Shown by Nifty

please do correlate by yourself also on charts. This is for educational and paper trading purpose only. Please consult your financial advisor before invest