Market showed reversal from day's low,
after witnessing selling perssure from past few session.
The Index formed a Hammer pattern on the daily chart,
The imp hurdle is placed at 22,200...
if sustains above the resistance level,
more recovery could be possible towards next level
Whereas imp support is placed around 21950 zone.
However in case of Bearish Pattern at higher levels,
the index can come back to prev week range
Keep Tracking Charts
*For Educational Purpose
Learn & Practice Price Action setups
after witnessing selling perssure from past few session.
The Index formed a Hammer pattern on the daily chart,
The imp hurdle is placed at 22,200...
if sustains above the resistance level,
more recovery could be possible towards next level
Whereas imp support is placed around 21950 zone.
However in case of Bearish Pattern at higher levels,
the index can come back to prev week range
Keep Tracking Charts
*For Educational Purpose
Learn & Practice Price Action setups