NIFTY50 is in small correction phase, A Resistance Zone from 22100 to 21890 may have consolidation over a small period of time.
Reversal from this Zone confirms the Bullish Up-Trend to achieve new higher high.
Or
If NIFTY50 breaches the Resistance Zone, it may move for a big correction of 10 to 15% from it's top.
Reversal from this Zone confirms the Bullish Up-Trend to achieve new higher high.
Or
If NIFTY50 breaches the Resistance Zone, it may move for a big correction of 10 to 15% from it's top.
Commentaire:
Resistance Zone can be treated as Support Zone from the correction of trend perspective. As there is a high chance of breaching the Zone that's why it is being considered as Resistance Zone.