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vanathi
Sep 13, 2017 2:36 AM

Mighty Nifty - Double top? 

Nifty 50 IndexNSE

Description

Price action is facing resistance at 10030 - 10040 levels. If it breaks the resistance we can expect smooth move of another 100 to 150 pts. On the other hand if resistance is not taken then price will move towards 9980.

Comment

Nifty moving towards resistance!

Comment

Formed double top!

Comment

Friends I have more than thousand followers. Just think how it will be when every one share the charts and ask whether their analysis is correct or not, listing some trades which went against them and asking what to do with it, giving a list of companies and ask which is good for investment. I will ignore whoever contact me regarding this. Thank you for understanding!
Comments
narensavi101
what would be neckline to watch reversal of double top
vanathi
@narensavi101, I have given clue in the analysis. Try to find :)
SaahilHingorani
@vanathi, Means below 10030-10040 confirmation of a double top?

As per EW, any indications of much awaited wave C?

P.N: I am a layman trying to learn and educate myself. Thanks
vanathi
@SaahilHingorani, Wrong answer :P
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