Will nifty take support and pullback?
If the answer is "YES", then how much pullback will on nifty?
The Supportline of the channel is already followed the 4 times.
Before the answer this Question we have analyzed deeply GAP theory.
Gaps appear more frequently on , where every day is an opportunity to create an opening gap. Gaps can be subdivided into four basic categories:
- • Common gap
- • Breakaway gap
- • Runaway/ Continuation gap
- • Exhaustion gap
In the nifty chart, Runaway GAP already has already created. THE current GAP is not clear.
There's only a 35% chance to pullback at 11200 over the nifty .
I will write here how little chance to recover before one big fall.
As per my experience and analysis, we are going to see till big fall before any pullback.
I am sure that, we are going to see more GAP in the coming days.
Here is analysis of DOW JONES 30 US:
NIFTY given for short selling:
Long term view was for nifty:
If there is news of any break thru in cure for Corona virus. This can get explosive on the upside.
Can the charts capture this in advance? If so what do we look out for? Thanks for your analysis anyway.
Cheers have a good day!!