Minor trend-line R 9491 - 9509 The over-consumption has been upper bound of value area, therefore chance to over-consumption at lower bound. There is no overparticular resistance 9500+. ---------------------------------------------------------- 339p GAP This is " Common Gap " price is not going to break support line. Previous minor resistance at 9405....
As per the channel, two resistance can push the price toward 8515 and 8340. R. 8696 R. 8330 Almost all major resistances and support s are plotted on the chart.
Nifty exactly following our project and you can also CHECK it here. The price seems to move value low which has stronger support 11850 and 11825 nearby. This support can attract the buyers and control price will be a target for them. The better way to trade at value low with the tail if this is not breakdown. We have to think for breakdown also...
When to take action? Answer: buy when the price is below value low, and sell while price makes excess above the value high. The Control price always attracts the price which your profit booking zone. I'll take action only when making an excess. This is view of Turning Point trade.
Our minimum expectation of 700 points and maximum 1100 points tomorrow over the nifty tomorrow. A simple trading strategy will result in your 7x to 20x profit on this move. Last hour of today trading secession will be our action time.
Nifty CMP 10562 -- Major Resistance at 10707-10736 zone - Support at 10400-10420 levels If support is taken out we could be starring at H&S pattern completion and Nifty could be dragging back to sub 10000 levels over a period of time. A close above 10740 will indicate pattern invalidation For the day 10572-10594 is an important resistance zone Take care &...