NIFTY--Breakout or Breakdown??
Updated
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.
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.
Note
Price is now exactly at resistance zoneNote
Price enters in consolidation zone... 22050 -22100 is a watchable zoneNote
If it is a rally base rally then its showing 22090 only...means around 20100 we have resistance.Note
price is too narrow --to breakout or breakdownNote
look for buy at 21950 levels...it will give retracementNote
lets wait for the price to breaks the trendline and retest..will go for short.Note
it is eagerly wants to test the 22100 zone of resistance...will see in the next session
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