>>> NIFTY - Weekly Chart <<<
>>> Click the chart to see on full screen <<<
This is Just a Plain Trend line Analysis. NIFTY - Earlier - made a False Break out and Started falling. So Breaking a Wedge Like pattern may trigger Heavy Selling But considering Other Sectors & Events - It may change from time to time. So don’t Consider this analysis as a Selling Call or Panic Button
>>> NIFTY Daily Chart <<<
>>> Click the chart to see on full screen <<<
It was an Unexpected Fall - Breaks all the counts and views, which triggered all our SL. Yes - We kept SL for all Longs and Escaped from a Big Loss. Since the Price broken down 11210 and 11170 - Medium Term tend might have reversed - shows a serious threat for Bulls.
Since Price in the Last leg of Upmove, which I feel that, it might not end so shortly or Quickly, One more last alternative as ABCDE - was marked. If So, Lets expect a Lot of volatile in coming days.
>>> NIFTY Hourly Chart <<<
>>> Click the chart to see on full screen <<<
Resistance @ 11210 must be crossed for strength. If this correction is ABC, if Support @ 10880 breaks again may test again 11000 - 10880 - 10700.
>>> BANK NIFTY - Daily Chart <<<
>>> Click the chart to see on full screen <<<
Watch 200 DMA @ 26100 for Direction.
>>> N4A & Whatsapp <<<
