Nifty has attempted to cross upper trend line for 8 time, but not able to cross it.
Comments
neneram
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Is it that every selling is not getting any follow through results ? And in end bears will step aside and nifty will gap up above ?
judhra
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@neneram, Thanks for view.Yes that is also a possibility here and same holds for good for bull as well, they are not getting enough gas to cross the trend line. also i see strong resistance around 8240 level on a daily time frame. that is why my view is bearish for short term.