BEAUTIFUL PRICE ACTION IN NIFTY TODAY!

See how beautifully price action worked in NIFTY today. I am posting this purely for educational purpose:

I am using 1 minute chart as NIFTY is best trades in lower TF

1. NIFTY made a falling wedge pattern (orange). On third bounce on the lower TL it gave scalp 1 opportunity to upper TL
2. Then it gave a breakout of the falling wedge pattern and gave scalp 2 opportunity to the intraday resistance zone
3. After getting rejected from the intraday resistance zone it gave scalp 3 opportunity for pullback and retest to the wedge pattern
4. After 2 retests it gave a breakout of the pink trendline and gave scalp 4 opportunity to the intraday resistance zone
5. Again after taking rejection from this zone it gave scalp 5 opportunity for pullback and retest of the pink trendline

Market is still live and now if NIFTY breaks the resistance zone on the upper side we can expect further upmove and if breaks
today's low we can expect further downmove

Learn & Earn,

Dr. Tanya Kumar

Comment:

Broken the intraday resistance now

Comment:

Reached day's high - price action worked well