NIFTY--Daily Analysis
Updated
Observations::
price has broken the strong resistance @18900 without giving any retracement.
price moved continuously with gapup and continuation format.
from last two days price is in a range and today again the range is broken...
if this continue its momentum or will give us some pullback to the previous resistance.
price created a demand zone @19380-19340 range....
today price has taken the demand zone entry and moved up...no short side momentum is given for us.
A multiple breaks to the upside is observed from this zone....
until price breaks this demand zone...don't think of short side. keep on buy side.
when price tested this demand again, and failed to create a new high, then will see the plan of sell action.
will update once it is reversed.
All these analysis is post market analysis...live market is entirely different from post market analysis..
gap ups and gap downs will occur...its confusing...but with confluence will take entries...without any confirmation don't go for buy or sell.
it leads to losing your trade.
price has broken the strong resistance @18900 without giving any retracement.
price moved continuously with gapup and continuation format.
from last two days price is in a range and today again the range is broken...
if this continue its momentum or will give us some pullback to the previous resistance.
price created a demand zone @19380-19340 range....
today price has taken the demand zone entry and moved up...no short side momentum is given for us.
A multiple breaks to the upside is observed from this zone....
until price breaks this demand zone...don't think of short side. keep on buy side.
when price tested this demand again, and failed to create a new high, then will see the plan of sell action.
will update once it is reversed.
All these analysis is post market analysis...live market is entirely different from post market analysis..
gap ups and gap downs will occur...its confusing...but with confluence will take entries...without any confirmation don't go for buy or sell.
it leads to losing your trade.
Note
now price is at POI we have confirmation before long...Note
price is closed in a small demand zone...after breaking a strong demand.Strong Supply observed @19480-19520 range.
POI to sell @19400 level...and 19480-19520 range...target to bullish gap below.
Note
will see what happens...Note
Note
price is given us 50-60 % retracement is this is for sell ??Note
AT its major supply zone....don't go long Note
Price falls from the given major supply zone...will it fall more or breaks the supply zone..Note
price is again testing the resistance multiple times...fake breakout may also happens...Note
now it is near to trendline...will see it holds or breaksNote
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