PolasamKalyan

NIFTY - Next move, I am going here

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NSE:NIFTY   Nifty 50指數
Here is my analysis based on the below potential points which allows us to draw the right prediction.

1. In general, when alternate candles forms anywhere in the price race, assume it becomes a pitstop if there is enough volume built around the price. So, there a few candles like that and there is a engulfing candle as well which i had marked in yellow color and few white color candles where it represent the candle does not touch the EMA4 price. There are very important, of course we wont see usually, but they do play key role.

2. The next volume support is 19577 and also there is DOJI and engulfing.

Note: Trading a set of routines/rules defined in the program executed by a computer and human can just pour the volume. So think simple and try to crack the logics.
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