NIFTY 50 is following the rounded curve path .As can be seen nifty fell only upto the boundary of this curve as of now. The 1st major resistance in the upmove shall be 15530-15580 region/area. Once it crosses that with significant volume , the next hurdle shall be 15415.It may form a handle pattern later. Any comments.
Comment:
It did cross 15415 as predicted. Yes the rounded bottom was to be liitle lower, but none can predict that. Now we can expect a handle formation and then rise to greater heights.