Hi
Price action in nifty from every swing low is very bullish ,from the low of 16840.75 since then
price is above the EMA 8 and 12 ,can be positive till if a EMA cross towards down is formed in daily time frame this is positional for medium and long term but intraday notice the same EMA cross can go short based: 15 min time frame ,but only for intraday because , BUY ON DIPS to remain till 19184.75 act as support ,which also is GANN SQ 144 Level of 126 degree .
IF price closes above yesterdays high whenever in coming days ,it has the potential to reach the high of 19647.5 hope some decent correction from that level ,above that level if sustains for a week or more than potential of bullishness would be more robust with momentum.
NOTE : 19184.75 LOW and 19647.5 HIGH .
FOLLOW EMA 8 & EMA 12
Price action in nifty from every swing low is very bullish ,from the low of 16840.75 since then
price is above the EMA 8 and 12 ,can be positive till if a EMA cross towards down is formed in daily time frame this is positional for medium and long term but intraday notice the same EMA cross can go short based: 15 min time frame ,but only for intraday because , BUY ON DIPS to remain till 19184.75 act as support ,which also is GANN SQ 144 Level of 126 degree .
IF price closes above yesterdays high whenever in coming days ,it has the potential to reach the high of 19647.5 hope some decent correction from that level ,above that level if sustains for a week or more than potential of bullishness would be more robust with momentum.
NOTE : 19184.75 LOW and 19647.5 HIGH .
FOLLOW EMA 8 & EMA 12