Nifty Outlook: Is This The End Of The Bull Market?

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After breaking the parallel channel, the price entered the value area.

Price has started a seller initiative by going out of the price zone.
Buyers responded more to sellers' initiatives with an excess.

At this juncture, the price has entered the value area.
The lower band indicates the demand pressure.

If the price does not stay above the lower band at 17250, it could move downwards to the lower levels - 16628-16410, because the price didn't break the 78.6% level.
Otherwise, the price will surge towards 17369- 17487-17612.

Note that if the price does not break the control line, it can not reach the upper band.

Time frame: hourly
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註釋
Nifty Outlook - Will the bulls cease the falling knife of Nifty?
註釋
TP 1: 17369
註釋
TP 2: 17487
註釋
TP 3: 17612
註釋
Price couldn't sustain above control line.
It was good fall breakout of the control line.
交易結束:目標達成
All Selling target done
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