a red box indicates the free space
according to my rules or what I learn from my teacher gape should be filled in to complete the technical pattern , that means nifty will come down ?
according to my, yes it will defiantly come but when ? maybe tomorrow or later days
but why tomorrow ??
1: if we see the history the last breakdown happened in gape down. and we are only 43 points away from strong resistance so it may happen tomorrow only.
2: when I'm writing this almost all global markets are showing a good amount of selling .
Not tomorrow ?
1: if sgx nifty close in upper side we mainly copy paste sgx nifty
2: double Bottom . it may take a good bounce from strong resistance
if it brack what we can expect ?
we can expect up to approx 366 point correction
it may happen in intraday or it may take few days.
before that, it should face a resistance level
levels are as follow
1st : 17535/40
2nd : 17462/40
3rd : 17420/10
4th :17368/80
5th : 17284/80
6th : 17220.......
Thank you . This is my personal opinion.
according to my rules or what I learn from my teacher gape should be filled in to complete the technical pattern , that means nifty will come down ?
according to my, yes it will defiantly come but when ? maybe tomorrow or later days
but why tomorrow ??
1: if we see the history the last breakdown happened in gape down. and we are only 43 points away from strong resistance so it may happen tomorrow only.
2: when I'm writing this almost all global markets are showing a good amount of selling .
Not tomorrow ?
1: if sgx nifty close in upper side we mainly copy paste sgx nifty
2: double Bottom . it may take a good bounce from strong resistance
if it brack what we can expect ?
we can expect up to approx 366 point correction
it may happen in intraday or it may take few days.
before that, it should face a resistance level
levels are as follow
1st : 17535/40
2nd : 17462/40
3rd : 17420/10
4th :17368/80
5th : 17284/80
6th : 17220.......
Thank you . This is my personal opinion.