Nifty view for 29 Jan 2024: There is a break of structure found on 15mins TF. Since last 2 days price has traded in a range. However, there is Short term high and low lying for mitigation. As PD's price closed just inside the sell side imbalance area, in such case if price respects that area in such case price may initiate to mitigate the sell side liquidity...
Price has created sell side imbalance area which price is likely to respect. This imbalance area may further print downward to test the sell side liquidity near 10283.Market range: 10605-15560-10462-10369-10319-10283-1025.
I don't know it's fundamentals. However, can interpret the footsteps of biggies. This counter is likely to almost double in near term. Lets see how it unfolds.
Price has breached its all time high on 10th Aug’20. Thereafter price continued to print on pull back mode and test of earlier all time high near 960 levels. On shorter time frame (hourly),it has break out the trend line of the down trend channel and approaching for 2nd leg move. It is anticipated that on closing above 1055, a measured move up to 1130 may be achieved.
