HAS NIFTY JUST FILLED GAP AS SHOWN WITH RECTANGLE AND RESUME DOWN TREND? ALSO PINK LINE IS LONG TERM RESISTANCE LINE ON WEEKLY CHART BE CAREFUL LET LINE BE BREACHED ON CLOSING BASIS THEN WE CAN SEE SOME UPTREND
aviation “Set your heart on doing good. Do it over and over again, and you will be filled with joy.” – Buddha
Nifty hourly is at the PRZ of a Bearish Harmonic Cypher. It also happens to be a resistance as per Ichimoku in hourly time frame. A retracement till 12100 could be probable from here provided it does not give an hourly close above 12250.
Please see the supply and demand zones in the chart Plan A: If it will sustain above 32100 then I may short 32000 put or buy Fut for the target of next supply zone. Plan B: If it will sustain below 32100-32000 zone then I will wait for the right level to trade. Plan C: I may avoid short
Please find demand and supply zones in the chart Plan A: If NF will sustain above 12200 then I may short 12100 or 12150 Put or may long Future for the target of next supply zones. Plan B: If NF will sustain below 12200 then I will wait for 12150 or 12100 level. If it will come to these levels and sustain above this then I will take long position. Plan C: Avoid Short
TCS: Fall ahead (Bigger Correction)?