A "Spike" can generate after breaking-out area between Value High to Contro Price. The "control price" always attract value toward it.
The intraday Resistance 12003 nearby and Support 11936.
There is actually two channel, One is a "major channel" which is still exist because its an excess. If the price starts to fall then, we can more and more fall.
Suppose, the current market price is at an excess, then we can spike downward at 11750 below.
The intraday Resistance 12003 nearby and Support 11936.
There is actually two channel, One is a "major channel" which is still exist because its an excess. If the price starts to fall then, we can more and more fall.
Suppose, the current market price is at an excess, then we can spike downward at 11750 below.
Note
Nifty exact move from 11893 and my support was 11880 as plotted in a chart with yellow.Trade active
Nifty slipped as expected.Note
If you want to anything more, kindly comment. I ll do the best effort for you.Trade closed: target reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.