Finally market have bounced off!! but have the new trend started? NO!! it have just shown us some indication that 2200 level is holding. There are 2 scenarios from here, first market goes up to the previous support level that was around 2240 which will now act as a strong resistance if it passes through successfully and moves upside we can say uptrend have begun again.
Second Scenario, it can retest 2240 get rejected and come down to 2100 - 2120 level. SCARY!!!
HIT LIKE & FOLLOW GUYS TO SHOW YOUR SUPPORT ;)
Second Scenario, it can retest 2240 get rejected and come down to 2100 - 2120 level. SCARY!!!
HIT LIKE & FOLLOW GUYS TO SHOW YOUR SUPPORT ;)