According to the Chart the uptrend has broke, if it continues to fall it will reach the specified position, lets see what will happen ( My trading journal)
Here I am initiating paper trading, Probably it will retrace to 50% of the price, Planning to buy June month put option, will see what happen
This symbol is bearish and I believe it will reach the specified price very soon
I believe the price has to reach the (touch) the 5th wave and should retrace back to the specified point shown, Currently I am bullish based on price action and 540 is the target and then the price eventually will fall to 360 (All i do is paper trade and still learning the art of trading and only option buying ) , Please correct me If I am wrong or roll your ideas
The Market Profile and JJ the Gorilla discusses order blocks and behaviors of Markets in his interview with Vivek Bajaj, As far I understood the concept the nifty is long for the month of March (I am buying 17500ce option for the April expiry) for paper trade, if any comments or correction on the concept i understood feel free to correct