Mid-Channel Resistance stopped Nifty growth today
After remaining positive and buoyant the full day Mid-channel resistance came to force and stopped Nifty from further growth today, dragging it down from day's high of 25130. The closing is good and above Mother line (50 days EMA).
To know more about Mother, father and small child theory and Happy Candles numbers that we assign to stocks read my book The Happy Candles way to wealth creation. The book is available on Amazon in paperback and Kindle version.
The supports and resistances for Nifty now are as under:
Supports for Nifty remain at: 24034 (Mother Line support), 25005, 24832, 24807 and finally 24527.
Resistances for Nifty remain at: 25130, 25192, 25273 and 25333.
Shadow of the candle right now is neutral to positive.
To know more about Mother, father and small child theory and Happy Candles numbers that we assign to stocks read my book The Happy Candles way to wealth creation. The book is available on Amazon in paperback and Kindle version.
The supports and resistances for Nifty now are as under:
Supports for Nifty remain at: 24034 (Mother Line support), 25005, 24832, 24807 and finally 24527.
Resistances for Nifty remain at: 25130, 25192, 25273 and 25333.
Shadow of the candle right now is neutral to positive.
Happy Candles Investment
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