Short term nifty chart analysis
Strong triangle pattern is controlling nifty all over from DEC to FEB,
A B = UP TREND (20DEC-17JAN)
B C = Resistance of fall (17JAN-18FEB)
C A = Support from (24JAN-18FEB) Broken once a while on 14FEB due to news but taken support on 24JAN and came back
Demand and Supply is LOCATED "ON CHART with CIRCLES.
A B = UP TREND (20DEC-17JAN)
B C = Resistance of fall (17JAN-18FEB)
C A = Support from (24JAN-18FEB) Broken once a while on 14FEB due to news but taken support on 24JAN and came back
Demand and Supply is LOCATED "ON CHART with CIRCLES.
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