CHANCES OF TREND REVERSAL
As we see in chart that blue line indicates strong resistance which is break today.
Also, Blue line converted in Support Zone.
Yellow line indicates that nifty has covered almost 50% in 2 days after falling from all time high.
Now, at 50% level, which is in center, Nifty is facing new Resistance.
White Box is performing as strong Support for Nifty.
If Nifty breaks today’s High then we will see big upmove in Short time.
Also, Blue line converted in Support Zone.
Yellow line indicates that nifty has covered almost 50% in 2 days after falling from all time high.
Now, at 50% level, which is in center, Nifty is facing new Resistance.
White Box is performing as strong Support for Nifty.
If Nifty breaks today’s High then we will see big upmove in Short time.
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