NIFTY NEAR PRZ ZONE. REVERSAL OR CONTINUATION?
Updated
1 IT SEEMS NIFTY MAY RECOVER AROUND THIS POINT.
2 AT BEST MAY TOUCH THE TREND LINE SHOWN ON THE CHART.
3 PRIOR BULL RUN STRUCTURE HAS NOT BEEN VIOLATED TILL NOW.
4 IT SEEMS SOME CORRECTION IS GOING ON.
5 STOP LOSS SHOULD BE AS SHOWN IN THE CHART.
6 IF STOP LOSS IS HIT THEN WHOLE STRUCTURE WILL BE DISTURBED.
7 IN THAT CASE MUCH LOWER LEVELS CAN BE SEEN.
2 AT BEST MAY TOUCH THE TREND LINE SHOWN ON THE CHART.
3 PRIOR BULL RUN STRUCTURE HAS NOT BEEN VIOLATED TILL NOW.
4 IT SEEMS SOME CORRECTION IS GOING ON.
5 STOP LOSS SHOULD BE AS SHOWN IN THE CHART.
6 IF STOP LOSS IS HIT THEN WHOLE STRUCTURE WILL BE DISTURBED.
7 IN THAT CASE MUCH LOWER LEVELS CAN BE SEEN.
Note
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