Price is exactly closed in the previous strong fall area. At the end of the session, the price is showing strong bullishness. In this bullishness, if buyers exit their positions at this zone...tomorrow it is bearish, continue its move downside. If this is a bull's continuous move, it will continue upwards and test the bearish gap. will see in the next session what...
Price is rejected from the trendline again and closed exactly at the trendline... Price is given us discount @44250 level. if tomorrow breaks this trendline, it will not test this trendline immediately... It will reach any one of the resistance and then come back... If opens downside...we will wait for an up move or downside continuation... If a gapdown occurs...
After Showing strong Bullish Pressure towards new ATH, price showing strong bearish pressure. price also forms a inside candle, and yesterday shows a strong bullish momentum again. if this bullish momentum sustains...or falls again. Considering that inside candle as consolidation at Previous ATH levels, and shows us a bullish momentum, so if we consider this...
Nifty :: Today price broken the channel and retested...showing bullish momentum towards upside.. if this momentum continues or reversal takes place... what pivot points are suggesting us :: If we see on the Monthly Chart price is broken the R1 with consolidation with a up channel... Resistance R1 is placed @19440 level broken and reach the R2. if we see the next...
The index price is still trading in a channel... will this channel breakout.... or continue it's momentum towards downside.... we are at important zone...i.e 44500 zone... today price comes almost near to this zone and showed a bullish momentum towards upside... But we are still having some bullish gap left @44400 level... if today's bullish momentum is a bull...
The NIFTY index again broken the ATH... multiple times break out above ATH and it's reversal.... so what happens in nifty is...the trend is bullish to Sideways... it is also moves in a channel... price faced resistance multiple times @19500-19520 zone... if tomorrow price acts as a support...it again moves up... if price again falls below price is continue its...
Observations:: price has broken the strong demand @19375-19350 range strongly... we have observed a trendline forms by breaking the demand zone.... If tomorrow trendline acts as resistance will observe a fall towards the bottom side gap may fills... If price breaks the trendline and gives us retest and failed to make a new low below 19300, then will go for buying...
Observations: 1.price opened in a demand zone and failed to take the price up wards... 2.The hidden demand zone acts as support and price moves up... 3.Yesterday's demand zone resist the price to go up....and price falls back... 4.while breaking the demand zone price, leaves a bearish gap and continue its fall till the hidden demand zone... 5.Bullish gap is still...