Nifty weekend Vs "Nifty next week" idea dtd.10.02.2023
Publishing herewith my comparison of my "Nifty next week" idea published at the start of week dtd 10.02.2023 and weekend dtd. 17.02.2023
for me opening of price is important, here price opened above light blue line and below sky blue line
so ist support at that time was light blue line and resistance was sky blue line,
generally price respect these lines
if price crossed these line any way
possibility -
1 at the end of week, closes inside these lines
2 or, try to move to next end of the range
if there is a possibility of a breakout ,
in that scenario, light yellow lines (extreme)
comes handy, or we can move to monthly line
for me opening of price is important, here price opened above light blue line and below sky blue line
so ist support at that time was light blue line and resistance was sky blue line,
generally price respect these lines
if price crossed these line any way
possibility -
1 at the end of week, closes inside these lines
2 or, try to move to next end of the range
if there is a possibility of a breakout ,
in that scenario, light yellow lines (extreme)
comes handy, or we can move to monthly line
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