NIFTY ETF SIMPLE ANALYSIS FOR MAY 11

This is my simple analysis for may 11 niftybees (Nifty ETF). As per the anlaysis there is a descending triangle pattern inside a parallel channel. Trade for tomorrow will depend upon the direction of the breakout from the triangle. Furthurmore, the fibonacci retracement point 38.2% also lies on the lower line of the triangle signalling a reversal point. Chances are more for an upper side breakout.