NIFTY View - Way Forward

NIFTY :

Blue line - Struggled to close above this

Black Lines - Channel support/resistances

Orange Lines - Immediate Supports

評論:

Super Bounce :

Closed above blue line .

評論:

Retested the Support (earlier resistance), bounced strongly from there.

評論:

Blue Line

評論:

Trendline Broken (Black dotted extended line)

Now, Focus on support(s) (Orange) below:

評論:

Broke the Trendline (extended black dots) , tried to retest (extended black) but failed.

評論:

Point of concern is this Inverse Flag Pennant (Black) , Next session, this might breakdown and then focus to be on orange supports ! Let's see... market Supreme

評論:

As anticipated, Broke down! Market Supreme

評論:

Current rejection from Trendline (Black dots extended)

評論:

Opened GAP Up for all time High BUT rejected from resistance (Extended Black line) :

評論:

Watch Out ! Attempting to break trendline (extended dotted black)