Nifty index is in double minds after double tops. We watch the last growth phase and see the current vibration within the growth phase. 50% is the trend setting level in the range. Last gap is filled with high of 21697.45 close on 01 Feb 2024 at 15:00. Low on 05 Feb 2024 at 15.00 is 21726.95 which was the level to buy for atleast a lower high. As per vibration theory the backtest was at Price Death Zone and price has fallen from there today.
Now we are back the cluster support zone with lower support at 50%. Above 50% momentum on downside will not work. So swift in your trading to catch the falls in the zone above 50% level.
Use th elevels prudently to make profitable trades. Keep coming here for more clues.
Happy Trading !!!
Now we are back the cluster support zone with lower support at 50%. Above 50% momentum on downside will not work. So swift in your trading to catch the falls in the zone above 50% level.
Use th elevels prudently to make profitable trades. Keep coming here for more clues.
Happy Trading !!!