On "NIFTY" Chart weekly time frame analysis:
Current Situation:
Nifty is trying to move up But, Gravitation pull back is strong
Direct fall Because of bad news. NEWS plays a very vital role in the market condition.
From Year 2008 Following the same channel till now.
Falling range 1260-7474 =" -6,214"
"Value area" it is called as where the trading most happen.
"No Trading Activity" is where no trade done.
Break the channel because of the news, and again pull back price near the channel.
Nifty is trying to move up But, Gravitation pull back is strong
Direct fall Because of bad news. NEWS plays a very vital role in the market condition.
From Year 2008 Following the same channel till now.
Falling range 1260-7474 =" -6,214"
"Value area" it is called as where the trading most happen.
"No Trading Activity" is where no trade done.
Break the channel because of the news, and again pull back price near the channel.
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