Negative chart patterns like lower highs and lows are intact and the index is currently on the way down to form a new lower low. “We observe a broader triangle-type pattern on the daily chart and the market is currently placed at the edge of breaking below the lower support of 19,250 levels,” said Nagaraj Shetti of HDFC Securities.
Tech View: Nifty on track to form a new lower low. What traders should do next week
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