Nifty broken the major trendline
In the previous sessions price is retested the same trendline and showing Bearishness from the supply zone.On bottom side strong demand zones lies at 20800 levels.
If this trendline acts as resistance we will observe a continuous Bearishness in nifty upto 20800 levels.
If we observe consolidation between 21700-21300, will expect a fall below 21300 and then have a rise again towards ATH.
Note:
If trendline failed to push down side, liquidity grab above the trendline will observe and a fall happens again.
In the previous sessions price is retested the same trendline and showing Bearishness from the supply zone.On bottom side strong demand zones lies at 20800 levels.
If this trendline acts as resistance we will observe a continuous Bearishness in nifty upto 20800 levels.
If we observe consolidation between 21700-21300, will expect a fall below 21300 and then have a rise again towards ATH.
Note:
If trendline failed to push down side, liquidity grab above the trendline will observe and a fall happens again.
Comment:
Liquidity done below 21300 levels
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Please Like, Follow and Comment
Also share your thoughts in the comments section.
Thanks for your Support **
--Educational Purpose Only--
--Not SEBI Registered--
