NIFTY Broadening pattern

• Nifty today started Moving up without hitting the support line shown in chart.
• It would be better for bulls if price comes back to hit the support line and then gives an up move. Then we may see a bigger up move then what we saw today.
• But there is no guarantee that price will hold this line if it comes back. We can try a long trade if we see reversal from this line like what we saw today.
• Breaking this support line will favor bears.
• NIFTY AND S&P 500 FUTURES 5 MINUTES CHART