so a rate cut of .25% has dropped the nifty by .25% for now ;)
expect this to hold otherwise we go visit 23347 or dotted line below then run it back up again
for now waiting for a recovery and reclaim of yellow line
Break out of the pennant was not gonna be easy but once it does it should be worth it ..
expect this to hold otherwise we go visit 23347 or dotted line below then run it back up again
for now waiting for a recovery and reclaim of yellow line
Break out of the pennant was not gonna be easy but once it does it should be worth it ..
Note
added at the thick white line and logged off
brutal sweep of last range low and falling wedge trendline confluence
quite a lot of work to be done to close above 23480ish in 2 days which is the 7 ema on the weekly
23537 last level for flip confluence of supply and 200 ema on the daily
22215 obvious next lower support in which case we might as well visit 19K levels so in my mind its now or never
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.