180 8
re drawn the lower channel 3 times because of price break down
upward channel working well
macd is showing divergence and prices are stalling
9120 is the crucial to watch
if nifty trades below those levels we can assume nifty has made a top
break below 9120 expecting 8941/8738
above 9270 all these will not be valid if that happens nifty up side tgt will be 9350/9400
best way to track is candle
if nifty starts trading below/above the previous candle that should be the reference point for sl
bearishbull1968 GaneshChoudhry
yes let's wait and watch
Great analysis .one question... is bearish bull name because you are a skeptical bull ...just thought ...else could be bullish bear (depending on your count of nifty ,right ?)
its just a name don't look too much into it, since i don't get bullish bear id. (for my other purposes)
mlt1403 bearishbull1968
@bearishbull1968, oh ok .I thought it had something to do with your count and u had a structural bullish outlook with some skepticism and not the around way around .anyways good analysis there .
i am neither a bull nor a bear i am hyena
bearishbull1968 bearishbull1968
thank u
mlt1403 bearishbull1968
@bearishbull1968, :) nice ...that would be open minded and opportunistic......so if the nifty was a coin at current 9200 and heads meant 9500 and tails meant 8900 (300 points each way).....would u choose heads or tails for a toss ?
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