NIFTY View - Way Forward

NIFTY :

Blue line - Struggled to close above this

Black Lines - Channel support/resistances

Orange Lines - Immediate Supports

تعليق:

Super Bounce :

Closed above blue line .

تعليق:

Retested the Support (earlier resistance), bounced strongly from there.

تعليق:

Blue Line

تعليق:

Trendline Broken (Black dotted extended line)

Now, Focus on support(s) (Orange) below:

تعليق:

Broke the Trendline (extended black dots) , tried to retest (extended black) but failed.

تعليق:

Point of concern is this Inverse Flag Pennant (Black) , Next session, this might breakdown and then focus to be on orange supports ! Let's see... market Supreme

تعليق:

As anticipated, Broke down! Market Supreme

تعليق:

Current rejection from Trendline (Black dots extended)

تعليق:

Opened GAP Up for all time High BUT rejected from resistance (Extended Black line) :

تعليق:

Watch Out ! Attempting to break trendline (extended dotted black)