Eagle - wait and catch the trade at perfect level. I have mentioned the path of nifty for short term.
Path 1 - drive to the trend line and vehicle may get accident once to touch trend line. Reason - MACD is not exactly on strong bullish trend so nifty have less probability to break the trend line.
Path 2 - if nifty failed to break the trend line, leads to fall down to the support zone.
Path 3 - summer season no water available in any well or lake. likewise after support zone, GAP was opened and nifty may slip from support, then fall to the end (fill) the GAP and may take some rest for a while - SIDEWAYS. ("Have a Break, Have a Kitkat")
Path 4 - finally nifty may gear up to break the long trend line with the trend confirmation of MACD '0' barrier crossover.
Note: Failure may happen when the nifty break the trend line in advance.
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Path 1 - Yellow Signal is ON. Get ready for green signal on either side....
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half the way of Path 2 done. so what next ?? will it fall or make a another range ?
Raj
There is a famous quote in share market "sell everything in May and go away ",IMD forecast on monsoon is always 5 % higher than actual that means we will get less than 90% rain in this season,many shares are in circular trading and inflated up to 50 % ,nifty slipped from high and continue to trade 9150 which is a gann number.
There is a famous quote in share market "sell everything in May and go away ",IMD forecast on monsoon is always 5 % higher than actual that means we will get less than 90% rain in this season,many shares are in circular trading and inflated up to 50 % ,nifty slipped from high and continue to trade 9150 which is a gann number.