Self explanatory chart. Close above the Gann line will be bullish, the volumes have been good in last few sessions. RSI is not supporting much but that can just mean that a close above Gann line will result in stock moving sideways for few days i.e. accumulation stage before it moves up again. Wait for the confirmation. Unable to close above Gann line will result...
Nifty is trading near Gann Resistance. A breakout above will lead Nifty to 8773,8855,8969 and if unable to break Gann line, we can see 8510,8421. Wait for confirmation and avoid till budget event is over
NSE:NIFTY Spot Nifty major trend is remain bullish minor trend is bearish. So, we expect price may move down for short term it is likely to take support around 8806.85, 8745.40 Resistance at 8857 for time being.
NSE:NIFTY Spot Nifty trade at 8845.35 (+102.45) (+1.16) at the time of writing,according to me there is strong barrier between 8857 to 8892 , and might be price pullback from this level.So, make your plan accordingly. Resistance for short term at 8931.40 and Support at 8674. Happy trading
NSE:NIFTY Spot Nifty Major trend is remain bullish and minor trend is now bullish,i think price may be touch resistance at 8782 , 8843 and support stand around at 8684. Happy trading M/m Tops and Bottoms dates for this month around - 16th - 22nd - 29th September 2016.