NIFTY INDEX is at crucial zone to move further upside or downside...
Price is trading in a channel...
price broken the trendline grab the liquidity at 21600 levels.
on topside price again created a one more trendline, as of now this is the resistance which lies at 21930-21950 zones. If this trendline acts as resistance, more chances of fall below key level.
so if price comes to this levels wait for bearish turn...
If there is no bearishness price will continue towards strong resistance at ATH, by facing intermediate resistances at 22050.
After the liquidity grab On topside above trendline as well we have chance of fall back...so wait until price to break the key level.
check the bullish case-- we have Rally Base Rally.
Price is trading in a channel...
price broken the trendline grab the liquidity at 21600 levels.
on topside price again created a one more trendline, as of now this is the resistance which lies at 21930-21950 zones. If this trendline acts as resistance, more chances of fall below key level.
so if price comes to this levels wait for bearish turn...
If there is no bearishness price will continue towards strong resistance at ATH, by facing intermediate resistances at 22050.
After the liquidity grab On topside above trendline as well we have chance of fall back...so wait until price to break the key level.
check the bullish case-- we have Rally Base Rally.
Commentaire:
Key level for nifty is 21950-22050
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if price breaks the ATH.. then will think of bullish view...until no bullish sign.
this is the place where manipulation comes into picture.