Only for education and information purpose. Should not be taken as a trading call
The script has been trading very well with and taking the support of both the trend line and the cloud too further looking at the future the cloud looks positive. If holds we may see the levels of 505 and 546 in an uptrend on the lower side we may consider the next...
For the 5-6 trading sessions it looks like #nifty could remain range bound between 10850-11300, immediate short term support/resistance levels are 10925/11100. Not expecting too much from on either side. Overall this looks like a small bounce back with downside targets still pending.
Break Down Below Cloud.
Trend Line Break Down.
Below 50% Fibonacci.
Other Details Mentioned In Chart.
Positional View For Educational Purpose Only.
Please Consult Your Financial Advisor Before Taking Any Decision.
I am not SEBI Registered Financial Advisor.