On hourly time frame Nifty was stuck between the Zone-1 and Zone-2 from long time.....Now its breaks the Zone-1 with high momentum green candles..... Enjoy the journey to the moon..... If Nifty will corrected then Zone-1 will be the support......
Zone-2 Retested on daily time frame.....and every green candle is becoming larger means Nifty getting momentum.... Enjoy the journey to the moon.....and be cautious with above trend line which may act as resistance..... If Nifty will corrected then Zone will be support
On weekly Chart Nifty is in bullish trend. As nifty was stuck in the Neck and now its breaks the Zone-1 with long momentum candle. its required to retest the Zone-1 to continue the ride of rally
Analysis-1 As market breaking all the previous Zones due to market was stuck from the long time. Zone-2 will be seen as resistance. If Zone-2 breaks, market will see Sky (all time high) Analysis-2 As market is in bullish direction, but retracement my be seen. Zone-1 will be act as support
Trade mey be taken accordingly, Wait for breakout of middle resistance for bullish pattern. Reversal possible upto lower support
The Analysis has been done over daily and hourly Chart. Market is respecting Zone-1. Relatively sellers volume and rsi decreasing. Lets watch market towards resistance. All the best!!
As from last 12hrs market stands around Zone-1, sellers wanted to market down but buyers maintained, waiting for buyers next aggressive face. Keep an eye over buyers and book ur profit. As pattern shows next Boom will touch the level of 80 cents
1. Market is at support zone-1, wait for retest it to get entry. 2. If Market breached the Zone-1, market may test the Zone-2 Traders keep an eye over Zones breakout, As Daily chart shows uptrend, the market will touch again ATH.
Market is in full uptrend bcz didn't breached their daily lower low. Market creating Strong Support. Buyers do not let market down from the zone. lets wait for Boom! and experince the ride of 4.5k
As market retracing and moving towards resistance zone. If market shows breakout of resistance zone and retested the market will move towards 62k and then 68k, if not, market will fall down towards 53k
As Bajaj Finance released Q4 result which is good. If will breach the 5800 level it will make the new high at 6000.
Short Term sale at 15Min candle to book profit. As from very long time it stuck round 2950 usd. Now it shows breakup towards down. Guys book short term profit without hesitation. and don't forget to hit like and follow. lets wait for target!!!