NeeteshJain

NIFTY FILLING PREVIOUS GAP

NSE:NIFTY   Nifty 50 Index
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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
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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
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@NeeteshJain, thank you
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