AnandBhatBantwal

Is NIFTY headed towards 11.4k ????

Long
NSE:NIFTY   Nifty 50 Index
The 8 times tested and retraced level since July 8, is finally breached.

Comments

There should be a retest of the 10830 levels before the Nifty takes off again.
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AnandBhatBantwal sanketsudan
@sanketsudan, yes sir. Monday
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sanketsudan AnandBhatBantwal
@AnandBhatBantwal, Negative divergence is seen in MACD and ADX in daily charts, may be the next resistance will see Nifty take a correction.
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AnandBhatBantwal sanketsudan
@sanketsudan, Sir, i dont use any lagging indicators. I just look for supply and demand zones
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what is your analysis?
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AnandBhatBantwal ashoksamuel02
@ashoksamuel02, there is breakout of strong resistance in the chart
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asaharia268 AnandBhatBantwal
@AnandBhatBantwal, sir may be i was wrong but i have seen a monthly resistance line at the present point of nifty .that is why i think some more pain is left for nifty before touching 11140 mark
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