Dear All##
Nifty Inching towards major MOB(Make or Break) Gann line resistance 7965
with Hammer and Spinning Top Candle pattern.Previous resistance 7790
cleared by Gap up.Be cautious.
Support at 7790.Nifty Consecutive close above 7965 may approach the next
fort 8325 followed by 8150.I am unable to find proper elliott wave fractals to
forecast this trend (6825-7920) as bullish or Bearish.Although Nifty hourly
chart Elliott wave oscillator show early bearish divergence.
So Traditional Number system with Gann Angle holds good for that situation.
Nifty>>
BankNifty>>
Same as Weekly Review
Resistance at 16448 & 17225.Support at 15939.Please refer to weekly review.
Note-Educational Purpose only
Nifty Inching towards major MOB(Make or Break) Gann line resistance 7965
with Hammer and Spinning Top Candle pattern.Previous resistance 7790
cleared by Gap up.Be cautious.
Support at 7790.Nifty Consecutive close above 7965 may approach the next
fort 8325 followed by 8150.I am unable to find proper elliott wave fractals to
forecast this trend (6825-7920) as bullish or Bearish.Although Nifty hourly
chart Elliott wave oscillator show early bearish divergence.
So Traditional Number system with Gann Angle holds good for that situation.
Nifty>>
BankNifty>>
Same as Weekly Review
Resistance at 16448 & 17225.Support at 15939.Please refer to weekly review.
Note-Educational Purpose only
No comments:
Post a Comment