techtrail

Nifty 50: What is Happening?

NSE:NIFTY   Nifty 50 Index
470 4 5
My thoughts are annotated in the chart
Comment: As highlighted in the chart above, price has gotten into a trading range. A breakout from the range will help us calculate potential targets for the breakout move. As of now, the bias is for an upside breakout as the prior trend is bullish. BUT.......

Why I have left it open-ended? Let's see if one amongst you can second guess why !!
Whats your views now...?
Reply
This is distribution for sure I think.. price has gone up from 200 EMA aggressively and 100 EMA entrancement is due. Important here is to watch put selling in near strike price to define time target.
election on way so distribution will be at high level so retail investor will be trap.. just a few
Reply
possibility of distribution ?
Reply
right idea ,looks accumulation .
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