Will Nifty Spot fall till 7295 - 7272 if it closes below the recent low of 7216 for 3 days? Could 7744, 7596 prove to be the milestones on the downside? 7272 being 78.6% retracement on daily chart
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Nifty could not close below 7916 for three days to fall 621 points... Because it could not break, it rocketed almost same size on the upside to test 8461.05...
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From 7918 when it was posted to 10800 now... More to come
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jvpandian
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Thanks for all the views... The critical part of it is to break the neckline and close below for few days... So far it didn't
jvpandian
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@jvpandian, it didn't closebelow the neckline for few days and jumped 400+ points on the upside..!
anupminj7
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imdbeststocktrader
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Monthly chart has already formed double top. In the above setup price will break the trendline and market is expected to go down further. Good observation on H&S pattern. Keep up the good work
jagannathan.srinivasan1
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Nice observation sir.I hope your target will come soon