As per my analysis , 165 will be broken in due course
We shall see , probably in the coming week ,
Lets wait and watch the show
I-Fund-Trader
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@MAYA_MUMBAI,
Use logic , what is the point in going down which has already in move down by couple of days ,
Most often they brake the point of intersection ( Where the Major Retail believe its an indication or some sort of support or resistance) and then they start moving up
Scrips do not move in the manner people at large consider
the same thing i try to explain a Group ( Lead by CFA) in Mumbai 2 years and i was blocked for telling the truth , they believed so much in this support & resistance concept that they said i am very incorrect , today all of them have gone split and suffering huge loss , trying to learn some kind of harmonic pattern , some kind of indicators , its really painful to fail in the life and then start everything
take a word , market moves in its own pace , it does not have any kind of theory , but one of the theory which suited the best is Elliott wave principal but in EWP also there are time you should use the logic than the theory , because logic is more powerful than any theory for Crisis Management ( Almost all financial instruments are called Crisis Management assets )