Look here two scenarios,
1) rounded downside move toward the main channel OR
2) without breaking narrow channel with up side move with volume rising.
This is really confusing for trade so, still, avoid trading without any breakdown.
Series of tails, means are existed still. Volume with price fallen was existed by investors.
Next Support 775 and current support 885 nearby. I suppose to take target downward at 778 nearby shortly. if price fall below 884.
Careful for holding this stock below 884...
The "price rotating" while volume is increasing that will result you big and surge move in single direction.
70% chance is break up and made new high because of above statement. I don't suggest taking any action in this type of uncertain case.
Our First target has been achieved of short...
Events and reaction:
coronavirus infection in China
co-relationship of global markets
Technically, the channel is strong and support is at 10945 and 10740.
I've also added TimeCycle to find date of reversal.
Two days ago I told you clear and clear that there is "No help for nifty". Last today I am updating for nifty "Don't take long position in nifty because there is still no any sign for positive"
I think that we will see here a false breakdown, therefore be careful about...
Support 1137 nearby
Final Support 1061 nearby
If price fall heavy, reversal is possible. The tail is an important role in this stock for confirmation of direction.
We have already seen tail last week but it's little smaller.
1242 is first target and last one is 1352 but the expected time will be too far for last target.