Monday, July 30, 2018

Nifty Chart

Double bottom reversal hit in between high [previous high 27652 ,Fridays high 27661, almost double top now, any GAP up above this level will reach 27753.  138.2% 27760(c) of the swing 27164-25622, Key for further move up to 27980-28117]



Trend line resistance 11309, Swing 9951-10929's 138.2% at 11302; Extended Fibonacci Swing resistance 11330.  So range 11302-11330 will be for profit booking / consolidating before further move.  Hold above 11330 will lead upto 11656-11670(Shorting area)  Risk takers accumulate from 11330 up to 11600 for 10800+  more patient reqd.


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