Ihave mentioned things. Either breakout and boom or a downside? or a fake breakout which i hope doesnt take place.
This script looksinteresting at this point of time. a lot ofthings can take place at these levels.
On higher time frames, you can observe the negative divergence which is a very strong reversal signals that too on higher time frames. Now anticipating some setup outhere.
Anticipate some priceactionreversal for the correction.
Please observe the priceaction at such crucial levels. do not jump in directly, must anticipate appropriate reversal signals to go in.
This stock is anyhow in my watchlist right now. Waiting for appropriate confluences and price action somewhere near the break on the either side.
The greater the price action of higher time frames, greater is the possibility to go towards the directed movement. Stay humble stay focused work hard.
Weekly charts are really amazing to predict the future movement as there is very less noise. Might go incorrect but feel some rejection towards upside and if appropriate price action shows up, maybe a correction can be seen.
Nifty tends to finally break and just flow in turbulence to finally feel resistance near the golden fib ratio, thus, its really important to identify it and predict what can happen next. stay tuned. stay blessed stay humble work hard.
Bullish engulfing at Resistance, twoconfluences already to go with the trade. :)
Nifty has finally touched it fav spot it desired. Crazy!
Again, if indices has bullish views in coming near future then definitely strong upside can be observed form this point.