Short term uptrend continues , still no signs of topping formation.
Immediate support is at 9670 -55, today's intraday rise was a sort of grinding up move, hence good chances we get a dip to 9670 tomorrow. traders can use this dip to buy for 80-100 pt rise only.
Remember we are in 9th day of the up move from 9448. Rise could last for couple of days and then a sideways phase likely to begin.
Break and close below blue trend line, should be confirmation that a short term top is in place and a corrective sideways phase has started which should last for 5-8 days
Immediate support is at 9670 -55, today's intraday rise was a sort of grinding up move, hence good chances we get a dip to 9670 tomorrow. traders can use this dip to buy for 80-100 pt rise only.
Remember we are in 9th day of the up move from 9448. Rise could last for couple of days and then a sideways phase likely to begin.
Break and close below blue trend line, should be confirmation that a short term top is in place and a corrective sideways phase has started which should last for 5-8 days
Nota
NIfty didnt behave as expected ...its not showing corrective + motive structure internally ...tough to trade
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.