current spot price 46600.15 1. Waiting for the candles to come out of Downward channel 2. Strong closing in a 30 min candle is required for further upside movement in BNF 3. If broken, we might see some sort of relief rally (500+ points)
RICOAUTO - Huge BO earlier and now Retesting is almost completed.
Nifty is going through distribution phase. Time to be cautioned !
As mentioned in the chart, couple of GAPS are there pending to get filled A close above 16850 and successive higher high is a must for next BULLISH RUN to begin. However, it would safe if the pending gaps are filled and then close above the key mentioned levels