NIFTY--Breakout or Breakdown??

15 thg 2, 2024

Nifty is now at important zone of resistance.
this is the place to continue its direction or reversal.
If you want to go for short, wait until the price breaks the trendline.
A strong bullishness is observed from 21500 levels, on bottom side side we have strong demand zones lies in the range of 21400-21300 levels...
if price breaks the trendline these demands push the price upside.
so wait for clear direction in nifty to short from this levels. Now its time to think for complete short side.

Yesterday a strong bullishness is observed if this is an exhaustion of buyers, after a complete range bound is observed. so its time to wait in nifty for Breakout or breakdown.

16 thg 2, 2024

Ghi chú

Price is now exactly at resistance zone

16 thg 2, 2024

Ghi chú

Price enters in consolidation zone... 22050 -22100 is a watchable zone

16 thg 2, 2024

Ghi chú

If it is a rally base rally then its showing 22090 only...means around 20100 we have resistance.

16 thg 2, 2024

Ghi chú

price is too narrow --to breakout or breakdown

16 thg 2, 2024

Ghi chú

look for buy at 21950 levels...it will give retracement

16 thg 2, 2024

Ghi chú

lets wait for the price to breaks the trendline and retest..will go for short.

16 thg 2, 2024

Ghi chú

it is eagerly wants to test the 22100 zone of resistance...will see in the next session