BULL MOVE IN MORNING!!
1.Market will open gap up tomorrow. Since sgx nifty is trading in green.
2. 33420 level is now a strong support level also on 15 min time frame and 1hr time frame we can see triple bottom and double bottom respectively.
3.Also on 19/3/2021 candle we can see a green candle which clearly shows buyers are interested at that level or we can say bulls didn't want market to go more down, also today on 22/3/2021 same size of red candle has form indicating equal bull bears. So here comes my psychology Since there is lockdown and covid news, this negative news wants to factor in market but since at this levels buyer are not allowing market to go down.
so market may go upside either to trap buyers so that it can factor in the covid news showing the effect through its move on market or it can make " fall-->rectangle-->fall
SHIVAM MISHRA
-MGB
2. 33420 level is now a strong support level also on 15 min time frame and 1hr time frame we can see triple bottom and double bottom respectively.
3.Also on 19/3/2021 candle we can see a green candle which clearly shows buyers are interested at that level or we can say bulls didn't want market to go more down, also today on 22/3/2021 same size of red candle has form indicating equal bull bears. So here comes my psychology Since there is lockdown and covid news, this negative news wants to factor in market but since at this levels buyer are not allowing market to go down.
so market may go upside either to trap buyers so that it can factor in the covid news showing the effect through its move on market or it can make " fall-->rectangle-->fall
SHIVAM MISHRA
-MGB
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.