prabhashj

prabhashj

the most recent ongoing entrancement should be over at 22832.. which is exactly around fibbo 1.232 ~ 1.27 down from recent peak at 24868.. Now lets gear up for upward move till 23848 which is fibbo 0.50 .. the both the level is drawn from last range 26300 to 23263..

prabhashj

Last week.. friday to till date nifty have aggressively broke its previous lows.. But currently it trades outside its value area and hoping to touch its VPOC earliest.. in addition to there is bullish divergence and double bottom at base.. trigger will be when it starts trading above 20 ema in 30 min chart i.e. above middle band in bollinger band..