06 Mar 2025 - Superb 565pts recovery, stance neutral. 22519 SUP
Nifty Stance Neutral ➡
Friday 28th February, was amazing. We opened the day directly below two support levels 22519 and 22453. It was quite clear the direction was going to be downward as the momentum was in favor of the Bears. By Monday, the 3rd March, we broke the 22051 support as well. This was a likely outcome as discussed in the last week's analysis.
What was not in the cards was the recovery. I honestly did not think we could get a 565+ points recovery and scale back all 3 resistances - 22051, 22453, & 22529 respectively.
I would like to change the stance from bearish to neutral. We will go back to bearish if 22453 is broken again and go bullish if we get an hourly close above 22631.
Friday 28th February, was amazing. We opened the day directly below two support levels 22519 and 22453. It was quite clear the direction was going to be downward as the momentum was in favor of the Bears. By Monday, the 3rd March, we broke the 22051 support as well. This was a likely outcome as discussed in the last week's analysis.
What was not in the cards was the recovery. I honestly did not think we could get a 565+ points recovery and scale back all 3 resistances - 22051, 22453, & 22529 respectively.
I would like to change the stance from bearish to neutral. We will go back to bearish if 22453 is broken again and go bullish if we get an hourly close above 22631.
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.