NIFTY - POINT IN TIME

19 Oca 2017

It is been observed on the hourly chart that the price action trending aggressively up from 7900 levels to 8450 levels (550+ points). Now, it is consolidating in a range of 8380 -8455 (75+ points). It is facing resistance at 8455 levels and made a double top at the same levels. Now, it is consolidating in a triangle and further breakout shall decide the movement of the market.

Action Plans:

Plan 1: Breakout above 8455 levels, shall trigger buy to reach target 8520 levels.

Plan 2: Breakout below 8400 levels, shall trigger sell to reach target of 8325 levels.

I shall appreciate your views on it in order to bring clarity.

Regards,

20 Oca 2017

İşlem aktif

Reaching to the downside Target of 8325 levels. Regards

25 Oca 2017

İşlem kapandı: hedefe ulaştı

Nifty reached both targets today, firstly on downside and then upside as marked below,



Regards