Nifty analysis for 16/01/19

Nifty opened gap up and closed above red line. Now this can be upward breakout but for that nifty has to close 2 more days above red line. Else it may again fall back in triangle. But now if you see there is very less body is remaining for tingle as candles are very close to apex where we can expect either side breakout. In our #share #analysis #software nifty has given 5 DMA buy signal and is in best buy. 34 DMA that is long term profit from last buy is 258. So it is always better to hold your position as per long term trend. As catching this frequent buy / sell signal in short term is not so easy.