Sensex - Weekly review Nov 24 to Nov 28

1 283
We can see a very interesting pattern formation. Price has formed an ascending triangle pattern before breaking out to the upside. After that, it has formed a descending triangle. There is a trend direction zone between 85000 and 85200.
How the price reacts between 85000 and 85200 will decide the trend direction.
Buy above 85260 with the stop loss of 85120 for the targets 85380, 85520, 85680, 85840, 85980, 86120 and 86300.
Sell below 84900 with the stop loss of 85060 for the targets 84760, 84620, 84480, 84320, 84160, 84020, 83880 and 83740.
snapshot
As per the daily chart, important support is seen at 84500 to 85600.
Always do your analysis before taking any trade.
Note
Once again testing support. snapshot

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