NIFTY has to fullfill 2 criteria to move further ahead on upside. 1 it has to close above the high of wednesday. 2 It has to cross the topout zone of 12800 to 12850 convincingly to enter another upwards rally. Since we had the high on wednesday we had not tested it so far. Because as per rule of tops and bottoms we were close to a top at the high of 12768 crossing that would be the challenge going ahead. The exact number of top is in between 12800 to 12850 on spot. Avoid chasing upsides until it gets away. Price would turn more week below 12570. Big move on either side.
Important Update
Published by SAAHIL BELIM
MY NAME is SAAHIL and I have been actively trading in EQUITY MARKETS from 2014. I have been using Gann theory in my TRADING JOURNEY since 2016. my approach to Gann THEORY is totally different than what you may have seen or heard in various YOUTUBE VIDEOS. I have developed multiple MATHEMATICAL MODELS which are based on METHODS described by sir gann in his courses. I never had used any kind of CHARTS to identify the TREND. hens I never share CHARTS to illustrate my view. I like to keep things SHORT and to the POINt! View all posts by SAAHIL BELIM
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