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.
Comment:
Nifty exact move from 11893 and my support was 11880 as plotted in a chart with yellow.
Trade active:
Nifty slipped as expected.
Comment:
If you want to anything more, kindly comment. I ll do the best effort for you.
Trade closed: target reached