11400-550 is a crucial resistance zone.
Can most likely head to 8275-8000 zone. A very outside chance of a truncated termination around 8600 is open too.
Expecting 21-23 zone to hold for a while at least but the move is quite fierce. Next being 27-30. Chances are high that VIX can reach till here. 36 is a complete outlier case right now.
Break below Blue Support Trendline can be quite Negative
.. bounce till 11770-840 likely.
High on range.
Important Support Line. if broken, next support zone marked.
Dojis at the resistance are not a good signal so far.
Please ignore the monthly candle as there are still a few days left.
While NIFTY is racing to fill a Common Gap below 11785, it has left one Common Gap above today's High open, which coincidentally includes an Island Gap (marked in Green) as well. As shown by the parallel channel, NIFTY is most likely headed to 11500-300 Support Zone with 11440 being an important point. A break below the rising Blue Trendline can shift the...
Though Metals appear to be cracking heavily, this correction, as can be seen on the larger scale, is a retracement of the previous rise.
What else can explain the stupendous rise in American Express stock price?
Contraction within larger Ascending Triangle.
Target of 73+. Stop being Low of C.