NIFTY- ASCENDING TRIANGLE- 5 MINUTE CHART

Today nifty is trading within ascending triangle on 5 minute time frame. Ascending triangle is bullish pattern so any close above 5145 will target 5175 (5145-5115=30 so 5145+30=5175) within matter of few minutes. Remember the next strong Resistance is at 5170-80 level so intraday traders should book profit  there if there is break out.

DISCLAIMER: This Blog is meant for sharing my trading ideas only and no calls to be taken as trading recommendation. Visitors please do your own research or consult your advisers for safe trading.