TREND ANALYSIS Follow Chart Instruction. Do not be Hurry for entry. Wait for Proper Entry Setup. Buy/Sell with Best Risk Reward. Educational Chart Only. You can Comment and ask the TREND ANALYSIS of any STOCK/SCRIPT/INDEX/FOREX. R:R 4-6 Times
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Nifty Gap Dpwn 63 points Done. and later fall 130++ points
As per chart the retracement once Nifty closes above 11197 11200 ,Will it not Nifty to 11250 11350 max 11400
Please clarify ,Why Nifty 11156 is it a such a strong resistance ,With Government Stimulus US China Trade Truce ,Is there any scope for Upmove or Fibo Retracement to 11450 11600
MohitArora
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@r.sasiganapathy,
always trade in Trend Direction.
Once after huge fall, if we get Consolidation then most of time we Get another Lower Low and then only next Up side possible.
so We cant expect the Bottom Completion before We got another Lower Low and then wait for HH and then take entry for upside with your setup.
so 10600 and 10425 possible.
and then upside 11400 & 11720 ++ possbile but that will be just an consolidation to upside.
We can forecaste too early, wait for bottom completion then we will forecaste for upside.
Thanks Sir