Two Critcal Points. By Analyzing Nifty 50 Chart on 07-04-2021
1) Wide Demand Zone, But Weak Support Area. 14263 - 14517
If Price breaks any of the nearest Trend Line, In Days Closing
Then, It is expected The price will fall to this support Area.
2) Strong Supply Zone, And Strong Resistance.14829 - 14881
If Price breaks this resistance at Days Closing, Then...
NSE:BANKNIFTY
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Trade well,
This chart reflects various aspects of technical analysis. Let's understand them
1. Price action perfectly shaping up for a move (Pink line reflecting behavior of price).
2. Price taking support at previous breakout levels(Resistance acting as support for the stock).
3. Price making a flag pattern too. (Draw a trendline below the already drawn one.) A trend...
