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Long

NIFTY -- EXPECTING A BOUNCE

NSE:NIFTY   Nifty 50 Index
Notes on the chart.

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Comment: We are at our immediate target. Nice bounce.
Comment: 10220-10240 zone can offer resistance.
Comment:
The price came up too fast and hit both the resistance zones. Price may halt near the current zone.
is it the trend reversal yet?
Reply
Bravetotrade abhijeet007
@abhijeet007, can't say as of now. A continuation beyond the resistance zone can be a sign.
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Superb analysis
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@DanishC, thanks
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if 10240 crosses then what will be the target??
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Bravetotrade onlyganif3
@onlyganif3, 10270 and 10325, but I think it ll take some time before it is confirmed that the downmove is over.
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