IIT-Trader

NIFTY--Liquidity lies @Double Bottom??

IIT-Trader Updated   
NSE:NIFTY   Nifty 50 Index
Nifty index is showing straight forward bullishness from the keylevel @from BASE high.
Price observed a rally base rally from 21500 levels to 22500 levels.
Trendline is also acts as support,to push the price.
Now A Lot of liquidity is lies below the trendline and as well as below the double bottom levels at 21800 levels,and also we have a strong demand zone lies at 21700 levels.Price has to test these levels again for further move in Nifty INDEX.
Will update all the information accordingly to reach for these levels.
Comment:
price is ready to move again...keep safe.
Comment:
this is the place again fast moves occur...
Comment:
price also golden zone...keep safe before short
Comment:
still above the golden zone.
Comment:
it might be drop base drop.
Comment:
wait until the base to push higher...
Comment:
more liquidity lies below. keep safe before long again.
Comment:
If possible look for bearish from this side.
Comment:
Some times again takes the topside liquidity and again falls back.
Comment:
base is already pushes the price previously...but this time probably not...
so targets are base high,
and liquidity below base high
and 50% of base.
Comment:
head and shoulders as well...
pls wait for the price to tap into this area.... otherwise they will take it topside.
Comment:
price enters into the area of resistance...wait for the price to clears the trendline liquidity and fails to move up again. then will go for shortside.
Comment:
trendline liquidity done...its time to think for bullish or bearish.
Trade closed: target reached:
Target1 done at base High
Trade closed: target reached:
Target 2 at ,Liquidity Below Base is done...
Trade closed: target reached:
Target 3 is done....
close longs for now...

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