A possible breakout as per weekly chart if nifty crosses 15920 and if it sustenance 16000 for a hour or so,it can easily reach upto 16500.
Selling will come when its break 15770 on lower side .....
PriceAct-fugazitrader
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@unseencg507, You wanna repeat my analysis or what?
natarajanshankar
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But there is a chance for bullish bat formation. As you said, we need to wait for the breakout and retracement.
PriceAct-fugazitrader
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@natarajanshankar, Exactly.. Already there was so many Long wicks you can see in the near past as nifty was not sure for the right breakouts... it would be better if we wait for the breakout closure
Selling will come when its break 15770 on lower side .....