1. On the Daily chart since March, there has been an ascending channel trend in the nifty.
2. On the 4HR chart, Ascending Broadening Wedge
3. Now the Market has reached the ATH trajectory, there is a consolidation happening in the form of a parallel channel, this sort of price action depicts indecision behavior.
this is expected at an All-time High level.
The next 10 days will unfold more clarity on chart pattern & sentiment.
In conclusion, a Large timeframe shows bullish sentiment & shorter there is indecision.
2. On the 4HR chart, Ascending Broadening Wedge
3. Now the Market has reached the ATH trajectory, there is a consolidation happening in the form of a parallel channel, this sort of price action depicts indecision behavior.
this is expected at an All-time High level.
The next 10 days will unfold more clarity on chart pattern & sentiment.
In conclusion, a Large timeframe shows bullish sentiment & shorter there is indecision.