Is NIFTY headed towards 11.4k ???? Long

NSE:NIFTY30

Nifty 50 IndexNSE

Description

⋅ Jul 17, 2020 5:19 PM

The 8 times tested and retraced level since July 8, is finally breached.

Chart Patterns nifty50

Comments

sanketsudan

⋅ Jul 18, 2020 5:42 AM

There should be a retest of the 10830 levels before the Nifty takes off again.

AnandBhatBantwal

⋅ Jul 18, 2020 5:43 AM

@sanketsudan, yes sir. Monday

sanketsudan

⋅ Jul 18, 2020 6:13 AM

@AnandBhatBantwal, Negative divergence is seen in MACD and ADX in daily charts, may be the next resistance will see Nifty take a correction.

AnandBhatBantwal

⋅ Jul 18, 2020 6:16 AM

@sanketsudan, Sir, i dont use any lagging indicators. I just look for supply and demand zones

ashoksamuel02

⋅ Jul 17, 2020 5:54 PM

what is your analysis?

AnandBhatBantwal

⋅ Jul 17, 2020 6:16 PM

@ashoksamuel02, there is breakout of strong resistance in the chart

asaharia268

⋅ Jul 19, 2020 2:47 AM

@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