do not miss this opportunity from this operator. It has eaten a lot from retailers.
follow this chart and price levels and sit tight. It has to give a retracement and target 1 will be 100 and target 2 will be 118. It has broken weekly support today , so do not buy hastily , allow the price to come to 70 and buy at about 3.15 pm as an upward move usually goes with...
finally nifty has given close above resistance line in first attempt. but its history says in this line it has reversed the trend after a decisive close. so we need to stay alert and also 0.9 % percent from 11795 the supply zone is lying at 11696. If an hourly close comes above 11696 or a gap up opening above it will indicate to long in nifty for target 11795...
as we can see the trendline has tremendous price action , no matter whether in a bull or bear market in upward direction. Nifty can be bought there but main thing to remember is position should be strictly intraday as the longer term trend is downward and nifty to touch 10500 likely. As it has been seen that after a retracement immediate fall is seen very next day.
AS I WATCHED THE RHYTHM CAREFULLY I FOUND IT IS FOLLOWING A PATTERN AND FOLLOWING IT CLASSICALLY. SO, IT MUST NOW RETRACE UPTO ATLEAST 1.0 % WHICH WILL BE 199. STILL A GOOD EXPECTATION.
I DONT THINK IT WILL GO BELOW ITS PREVIOUS LOW, STILL FOR SAFETY MATTERS STOPLOSS TO BE SET AS 170 AND RISK REWARD WILL BE 1:2.