Surprised by the move? not really, check here … did the move catch me off-guard, it sure did but, then I’d previously mentioned a long tube-light is expected in weekly chart, was expecting within the channel but, happened outside of it.
Below some of the Nifty different time-frame charts, view remains the same – “Sell on Rise”, stop-loss according to appetite
Nifty Hourly – Short term resistance did its job
Nifty Daily – Bounce happened from the strong support
Nifty Weekly – Bang-head at the failed trend-line?
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