Daily charts:
- trend is down on daily charts
- today nifty closed 1.2% in positive at 11832
- AD was 11:7
- last 3 days we are having large moves
- this happens at tops and bottoms
- so are the markets bottoming out? quite likely
- very good support 11600 (swing low)
- we already have a buy on hourly charts
- this is because markets crossed yesterday's swing high
- sustaining above 11800 next few weeks can lead to new highs
- break of 11600 can lead to more downsides (looks unlikely right now)
5 min charts:
15 min charts:
30 min charts:
60 min charts:
- trend is down on daily charts
- today nifty closed 1.2% in positive at 11832
- AD was 11:7
- last 3 days we are having large moves
- this happens at tops and bottoms
- so are the markets bottoming out? quite likely
- very good support 11600 (swing low)
- we already have a buy on hourly charts
- this is because markets crossed yesterday's swing high
- sustaining above 11800 next few weeks can lead to new highs
- break of 11600 can lead to more downsides (looks unlikely right now)
5 min charts:
15 min charts:
30 min charts:
60 min charts:
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