Triangle of Nifty futures

UPDATED CHART

• When this triangle formed i was expecting a 50 point move towards the break out side.
• So from 5425 this should touch 5475 but a partial booking of profits to secure profits is suggested.

• Triangle breaks out on the upside.
• The up move will gather momentum above 5440. An hourly close above 5440 will give confidence for the bulls.
• If gets resisted at 5440 price will come back to the break out point.
• TRIANGLE WAS MENTIONED YESTERDAY CLICK HERE TO SEE IT