As suggested in previous idea, the up move was a trap, but now it got major support as shown in the charts, and now it might show some rebound to fill the Gap 2 and above that to fill Gap 1 if it holds the current support, if trading for rebounds, be cautious because Nifty might hit new recent bottom.
If falls below today's low and holds below it , expect 10600
Regards,
Sharma Yogesh
If falls below today's low and holds below it , expect 10600
Regards,
Sharma Yogesh
Comment:
Holding looks difficult, exit at 10855
Comment:
Again can be bought at 10865 with sl 10848
Comment:
next possible move update
Much possibility that if it breaks this flag downside, it may touch 10800 again, if holds the flag the fall might be around 10964 making double top, if holds above it then expect 11110 and fill the gap 1
Much possibility that if it breaks this flag downside, it may touch 10800 again, if holds the flag the fall might be around 10964 making double top, if holds above it then expect 11110 and fill the gap 1