is it going to pull back above these lines or we are done?
Can we get a close above 86 or we will go into cloud and below??
Let see whats going to happen first..print above the down sloping line or the upsloping line
I am expecting this to drift down .. question is where to?
Need to track from here.. The two forecast line from the high to Senkou Span and a 24deg line from the high.. lets see how Nifty reacts
Once the previous top has been broken, Nifty kind of respected that and managed to stay above except for one single year (2008) when it did close below that horizontal support line. We had an almost O=L for the next year candle and then repeated it. We have an extra ordinary situation again.. lets see whats in store
Chugging along those lines on monthly. Break of 11108 may pull it down to bottom line. Monthly low of 11380 should propel to higher line
Can it break out of this triangle.. close above 167 can infuse new life into this..
Serious negative divergence on monthly - is something bad around the corner
Looks like a rounding bottom formation
Would pick up on a retracement to 86.6