Nifty was heading toward a congestion zone from 18300-18500. It had started to create 18350 as major resistance. Need to see if it sustain below the trend line on DAILY BASIS... When we looked at previous charts, nifty was being held tightly, last few candles showed shallow candles. Now in charts supports have been made, keeping in mind there are few gaps left in nifty and trade causally. Major even ahead - Annual Budget. Hope the market has not capitalized on such an event. Happy investing, happy trading.....
@KartikChoudhary, Nifty while rising up have created some gaps which have been marketed by BLUE rectangles. There was a high probability that nifty would cover the recent gap up. If nifty breaks 17600 then we can see it can cover the other gap ups.
Sarcastic_Sharma
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playing fast and loose with trendlines huh. good luck buddy Edit: kindly post prior not after the event its of no use.
rishab0260
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@Sarcastic_Sharma, Buddy I have posted it at right time. once such a major trendline gets broken, it's better to wait for a retest and you can see once it took a retest it showed a deep fall. moreover, the view is not for intraday , can be used for 3-4 days.