Sujit30

Sujit30

1. close near upper side of channel with rejecting buyers (Long upper wick) nifty may go downside towards lower channel line to take support or break 2.This is combination of horizontal support and channel line support, high chances of take support at this level, we can take CALL with low risk, Upper target will be channels upper line 3. if falls, nifty easily...

Sujit30

1. in 15 min time frame, nifty rejected from upper level of parallel channel, so chances of reversal towards lowver level of channel. 2. also tested 0.23 fib level and small falling channel appear,(red color) if breaks out gives small upside move upto upper side of channel which shown in blue line. Be ready for both side move.