Nifty Accumulation Phase Identified on June 21 0008hrs
https://www.tradingview.com/x/0qJYyUE0/
After accumulation in nifty price broke out and sustained above the accumulation range. and gave a retest twice ..
Second confirmation : A Symetrical triangle breakout and sustained above it all day on friday
Now we have a confirmation that price is about to go bullish for the time being .. So whats the target area (Or) a confirmation area where we can say that we hit the bottom and we are about to see bull run?
16000 - 16200 is the area where you can take confirmation as you can see there is a trend line that might act as resistance. If only this area is breached and sustained .. we can say yes we have hit our bottom.
16000 is a psycological level keep an eye on this area. Direction possibilities are givenon the chart
https://www.tradingview.com/x/0qJYyUE0/
After accumulation in nifty price broke out and sustained above the accumulation range. and gave a retest twice ..
Second confirmation : A Symetrical triangle breakout and sustained above it all day on friday
Now we have a confirmation that price is about to go bullish for the time being .. So whats the target area (Or) a confirmation area where we can say that we hit the bottom and we are about to see bull run?
16000 - 16200 is the area where you can take confirmation as you can see there is a trend line that might act as resistance. If only this area is breached and sustained .. we can say yes we have hit our bottom.
16000 is a psycological level keep an eye on this area. Direction possibilities are givenon the chart
Trade ist aktiv
Yesterdays gap filled
Anmerkung
Trading range Given on monday still working as support and resistance Power of Analysis
TeamTaurus
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TeamTaurus
Verbundene Veröffentlichungen
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.