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Nifty 50: Consolidation and breakout

NSE:NIFTY   Nifty 50 Index
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After a nice consolidation today near the lows of the day, the Nifty staged a breakout just before the close. If the Nifty sustains above the lower magenta line, I would not be surprised with a bounce back to the mean or 50% retracement mark. Let's take it forward from there.
Apr 21
Comment: Wow, not bad. Price hit the 50% retracement or the mean and reversed. It also bounced off the lower Magenta line. This range will be in force until we get a breakout above or below the magenta lines....

Comments

Im expecting a great fall from here.
sell every thing in May and go away
Circular trading in some stocks
price manipulated upto 50 %
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