NIFTY--Trend Resumes or Reversal ??
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Observations::
In higher time frames nifty is still in uptrend...if its continue or reversal will see in live.
price created a demand zone @19380-19340 range....
today price has taken the demand zone entry and moved up...no short side momentum is given for us.
A multiple breaks to the upside is observed from this zone....
until price breaks this demand zone...don't think of short side. keep on buy side.
when price tested this demand again, and failed to create a new high, then will see the plan of sell action. will update once it is reversed.
All these analysis is post market analysis...live market is entirely different from post market analysis.. will see on live market what happens...
In higher time frames nifty is still in uptrend...if its continue or reversal will see in live.
price created a demand zone @19380-19340 range....
today price has taken the demand zone entry and moved up...no short side momentum is given for us.
A multiple breaks to the upside is observed from this zone....
until price breaks this demand zone...don't think of short side. keep on buy side.
when price tested this demand again, and failed to create a new high, then will see the plan of sell action. will update once it is reversed.
All these analysis is post market analysis...live market is entirely different from post market analysis.. will see on live market what happens...
Nota
Nota
Now price is in our POI lets wait for bullish or bearish again....Nota
Demand failed to take the price up...Nota
POI area for sell side
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Please Like, Follow and Comment
Also share your thoughts in the comments section.
Thanks for your Support **
--Educational Purpose Only--
--Not SEBI Registered--
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