failed upmove but it is in the range. if the price of 502. 87 is not broken it may reverse to go up and touch the upperside of the range 554
Comment
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need to see , it is near 502 support
Comments
neneram
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Yep they will move up if nifty goes up or they will form double bottom in support zone you have drawn (price action today -up move out of congestion is not convincing and didn't sustain ) and than go up :-)
nalinakshi
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@neneram, price action is in the range, it has made one touch up and two touch down, when it came down failed to go down. If you concentrate price action from 502.71 to 523, it has failed to go down, while pushing up i this region it has made lower lows , so may go up. close is still higher than previous day close. with the stoploss of 514. it is an interesting area of price action.