bijoy2526

NIFTY same story repeats,no sell off, some in details.

Long
NSE:NIFTY   Nifty 50 Index
undoubtedly it is struggling near the resistance line.
which happens to be very important to get rid off for its continuous upward movement.
one trend line I have shown closing below it may result in some down ward movement.
remarkably every dip has been bought in to.
it is consolidating near that zone.
this leg of rally was started from 14/07/2020.
even bulls are not allowing its fall beyond 23.6%
this indicates the strength of bulls.
I expect breakout from this zone very soon.
do n't forget to like my post.
follow me to get such updates.
comments are welcome.
Comment: target there is one gap in the 11400 area.

Comments

One correction is due since it is rising since 9000... any bad news from US- China and COVID could be cause.
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bijoy2526 ajaynagpal2
@ajaynagpal2, any dip is a buying opportunity.
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i think there will be one sharp fall in next 2/3 days bellow 11000 to kike out weak bulls & then rally to 11400.
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bijoy2526 ckirtane
@ckirtane, if closes below the trend line short position can be taken.
Reply
bijoy2526 ckirtane
@ckirtane, let us see right now it does not seem be.
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