NeeteshJain

NIFTY FILLING PREVIOUS GAP

NSE:NIFTY   Nifty 50 Index
569 views
11
It is been observed on the hourly chart that the price action went up sharply to cover and fill previous gap down levels at 7970-80 levels and now facing resistance at current levels. If it closes above the resistance levels or the Gap levels then it may further go up or if it closes 7950 levels then it shall again go further down.
Comment: It did move up after crossing gap zone as said and marked above.


Regards

Comments

Strong comeback from Bulls. Will it last is the question now.
+1 Reply
@ashpats, Apparently, Buyers in control of price action due to lot of short covering. I'm waiting to see a sellers empowering over buyers to resume the previous trend. Regards
Reply
dr_professor_nifty dr_professor_nifty
@dr_professor_nifty, thank you for knowing what to do now buy or sell using a stoploss
+1 Reply
NeeteshJain dr_professor_nifty
@dr_professor_nifty, Buyers looking strong, will update once sellers empower buyers again. Regards
Reply
@NeeteshJain, thank you
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out