Let's see how far will go now. I don't think so about the support, it will boost from here only. NSE:NIFTY .
Let's see how far it will go from the first boomerang. Disclaimer: This is not the pattern, Just For Fun. :)
Let's wait for a breakout of any side of the trendline and play. There will be consolidation needed as we moved far from the bottom CONTINUOSLY.
Personal view on this, Let's wait for the breakdown first then take an entry
let's wait for the confirmation candle then we will plan for 1:1 target for coming week.
A major downtrend happens if it does not sustain the 3200+ level.
If it breaks then we will see somewhere around 11500-11800 level very soon, If it shows a strong move then go with a 1000-1500 upward move.
