just opened close the resistance but unable to cross it.
hence nifty long position should be there only when it clears the resistance.
from 3 rd august on which this leg of rally started. clearly it can be sub divided in to five waves.
hence it appears it may consolidate before any further rally takes place.
however if takes out the resistance rally may continue immediately.
important pivot shown in the chart.
don't forget to like my post.
follow me to get updates.
one can buy on dip then strict stop loss should be the pivot shown in the chart.
hence nifty long position should be there only when it clears the resistance.
from 3 rd august on which this leg of rally started. clearly it can be sub divided in to five waves.
hence it appears it may consolidate before any further rally takes place.
however if takes out the resistance rally may continue immediately.
important pivot shown in the chart.
don't forget to like my post.
follow me to get updates.
one can buy on dip then strict stop loss should be the pivot shown in the chart.
