WaveAnalytics_IN

Entering the Tug of War Zone Again

NSE:NIFTY   Nifty 50 Index
NIFTY is entering the Tug of War Zone again, after forming a Black Hammer and a follow through to that as well and leaving a small island of gap zone in this entire process.
A clean follow through after a Black Hammer in a truncated fall is a low probability event. The follow through candle in this case had absolutely no intersection zone at all.
NIFTY should see clear upside only above 12,265 or downside below red Trendline.

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