Nifty 50 IndexLong
NIFTY--Bullish View (22.5K) ??
Updated
Bullish Scenario::
----->> if price breaks the trendline on topside.. price will reach ATH, and facing resistance at ATH.. before going to reach ATH ,on topside we have intermediate resistances at 22050 level..
---->>if price opens upside above 21950...we have consolidation chance between the trendline and 22050.
If price consolidation for the entire day, and price closes at ATH.
Then we have chance of Gap down(If Bearish view)..continue moving downside and will test 21300 level of demand zones.
or
Continuation may happens to upside...Keylevel to watch--21800.
if trendline acts as support...Wait for the trendline retest, Price again tries to test the trendline and moves upside for targets of 22450,22600 levels,
----->> if price breaks the trendline on topside.. price will reach ATH, and facing resistance at ATH.. before going to reach ATH ,on topside we have intermediate resistances at 22050 level..
---->>if price opens upside above 21950...we have consolidation chance between the trendline and 22050.
If price consolidation for the entire day, and price closes at ATH.
Then we have chance of Gap down(If Bearish view)..continue moving downside and will test 21300 level of demand zones.
or
Continuation may happens to upside...Keylevel to watch--21800.
if trendline acts as support...Wait for the trendline retest, Price again tries to test the trendline and moves upside for targets of 22450,22600 levels,
Note
wait until price breaks the trendline for longs...until watch the key zone as resistance
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