Nifty may take support from current level,
because it is trading at confluence of:
1. support zone
2. Trendline support
3. oversold stochastic oscillator
we need evidence of demand to enter in long trade,
a bullish candle.
Note : only for learning, not a trading tip.
Hey, do you like profit then your search is ending now
Today we are having
NSE: CHOLAFIN
We have already seen that the chart is showing us weakness in the past few days but the scallops patterns have occurred and now you could see a downside
What we have found by analyzing the chart
1. A Scallops pattern has occurred
2. The Chart Breaked a series of dojis and...