SGX NIFTY support of 14441 critical for bounce or for breakdown

Trend Line violation witnessed.

Support of last swing bottom 14441 is visible.
The same is being tested.

Low till now 14507.

On further fall and close below 14441
expect slide towards demand zone .

demand zone -14065-13666.

wider zone-13805-13160.

resistance currently will be at 14741-15058.

If SGX Nifty closes above the violated trend line will mean automatically crossing the yellow trend line .

Trend line no.1 yellow violated.
Trend line no.2 support
once violated on close then expect
trend line no.3 and trend line no.4

range for profit booking in case of sell position will be trend line no.3 and no4 range.

reversal of the current trend will be closing above trend line no.1 with bullish candle.

Comment: Survives the breakdown on EOD daily chart

If breakdown is seen then view comes into contention whenever opportunity arises.

now trend line no.1 is crossed or not is to be seen.


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