By looking at daily chart shows a lot more clear vision of next moment for investors activities. The price is trading between value high to control price 1.
If the price starts to fall then the next target will be at previous resistance in 8595 and the gravitating target can be easy 8400.
Lagging or late fall then price can move up for...
Talking about the long term is a reversal point for the close. The eyes of both investors and buyers should be on this stock for deep buying. Over-reaction, which is a little more down moves us a super entry point for the trader. 495-505 are the best level for short term holding.
I will update shortly, small timeframe chart for this stock more clearity of entry...
At Support Zone.
Potential Harmonic Pattern Gartley In Process...
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.
In last update, I have updated everything about nifty which was clear. Actual support also mentioned 11854(made low 11844). Still nothing is much change in this update.
Support 11854 is strong and reference of Cycle(ii) 11934-11955 non stop move. Breaking and closing below 11812 previous investor's supoprt will push nifty down but chance is very low till.
as we witnessed a mark of 32155 couple of trading sessions ago, so now as you can see in this chart that we are on Axis point. if this 4hr candle closes below our axis point then we are in correction zone and somewhere will we find a support at 31090.
previous high (32155) to our axis point is a choppy zone, so do not enter between this range.
you can long above...
Price action has already broken the trend line support. Next support is seen at 31050 - 31080 level. Breaking this will make the price to fall towards 30900, 30820, 30660, 30500, 30320 and 30080. Bullish above 31600 for the targets 31860, 32000, 32160, 32440 and 32720.