NIFTY Analysis

Observations::
price has broken the strong demand @19375-19350 range strongly...
we have observed a trendline forms by breaking the demand zone....
If tomorrow trendline acts as resistance will observe a fall towards the bottom side gap may fills...

If price breaks the trendline and gives us retest and failed to make a new low below 19300, then will go for buying upto ATH.

Note : After break of trendline price may also fall below...
fake out at trendline may also possible...

At ATH we observed that a supply zone,if resist price again falls below...
untill price breaks the supply zone and retest of any previous zones will go for buy.

If price fills the gap on bootom side...
we will go for buy on trendline break and retest...

Commentaire:

Commentaire:

now price is at our POI for sell...look here for sell oppurtunity...at its major Supply Zone.