The nifty index is now at Neckline... price is clearly forms a Head and Shoulders pattern... wait for the price to breaks the neckline and retest to go for short side continuation.
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Base low is the Support for Now....
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Now key Zone is the Neckline...keep an eye on this
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Base low also intersected with Trendline.... keep safe...
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price is now at base low... don't go for long immediately... when price reaches to the neckline will do long side or short again.
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If neckline failed to push the price downwards.. price will create a new ATH Again.
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If price again consolidation on topside....one more rally to the topside will observe. targeting 22800 levels
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price is now at manipulation zone...keep safe from here.
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yesterday price broken the trendline...now it is at retest...pls wait for short side continuation...otherwise they will take the price entire upside.
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still price not touches the zone of neckline...early sellers move.wait for confirmation...
Good one, I feel a upbounce from here but Nifty march closing in declines. ATH may not be broken this month expiry.
IIT-Trader
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@vishyrana, will see what happens..it will continue or turn from these levels.
vishyrana
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@IIT-Trader, ur level came today for upmove. Half way thru. Pls update chart.
IIT-Trader
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@vishyrana, this is the manipulation ...still it is pending for liquidity...might today it won't reach to the neckline...may be next week will get both long and short entries.
vishyrana
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@IIT-Trader, I believe the CEs were cheaper as they fell yesterday. So today volume entry in cheaper price.