Nifty50 has broken Diagonal Support Range (DRS)
Nifty has broken the Diagonal Support Range (DSR) along with the Long waiting TOP Flat Channel (TFC). Now, what could be the outcome?
A) Nifty50 has created a downward Parallel Channel in the daily chart which has confirmed by the brother candles of 8th and 12th April that it is in a correction zone.
B)Today Nifty has honored the low of 25th March as support which means India ViX may breathe in this zone for some time.
C) It means as long as it breathes here it will acquire more power to go down and chances to break S2 and S3 have a high probability. Now, if it breaks S2 and if it is in DSR 2 then there will be a higher chance to break S3.
Now, the Only chance of Nifty to go up if and only if Nifty breaks the high of Brother Candles.
Now you have to believe now... before 3oth April it is near to impossible because it has to have a hell journey through the DSR1. In this market situation, I think Nifty really have to be very strong to break both the channels DSR1 and enter again into the horrible TFC.
Now, we have to follow the newly occurred SSZ 1.
A) Nifty50 has created a downward Parallel Channel in the daily chart which has confirmed by the brother candles of 8th and 12th April that it is in a correction zone.
B)Today Nifty has honored the low of 25th March as support which means India ViX may breathe in this zone for some time.
C) It means as long as it breathes here it will acquire more power to go down and chances to break S2 and S3 have a high probability. Now, if it breaks S2 and if it is in DSR 2 then there will be a higher chance to break S3.
Now, the Only chance of Nifty to go up if and only if Nifty breaks the high of Brother Candles.
Now you have to believe now... before 3oth April it is near to impossible because it has to have a hell journey through the DSR1. In this market situation, I think Nifty really have to be very strong to break both the channels DSR1 and enter again into the horrible TFC.
Now, we have to follow the newly occurred SSZ 1.
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