Nifty: Trendline Breakout, Backtesting Pending

٣ يناير ٢٠٢٢

Nifty has given a huge breakout today on the hourly candles, from the (Down) trendline (marked in black)
We can expect a good backtesting before we move up further.
Back testing can either be on
1. 50% retracement of the range (Refer Fibonacci drawn on left) 17507.3
2. Backtesting on the trend line
Or
3. It can just move up with the momentum
Let's wait and watch

٤ يناير ٢٠٢٢

ملاحظة

just had a short entrancement and then had a pull back,
indication of a strong bull market