Hello Friends,
Just a startup after many days here. Thanks vandana for doing good job.
Well, current swings/structure is clearly bullish since couple of days. On 23 Jun Nifty printed a higher support or say demand zone above which Up bias will be maintained. So trade that side with Long trade opportunities. On daily chart, breakout lines have been shifted upside once again. So native trend developing is again towards upside, with support of long term weekly chart. Long term weekly chart is in correction mode and still moving in down sloping channel. This may delay a full recovery on long term upside move.
Just a startup after many days here. Thanks vandana for doing good job.
Well, current swings/structure is clearly bullish since couple of days. On 23 Jun Nifty printed a higher support or say demand zone above which Up bias will be maintained. So trade that side with Long trade opportunities. On daily chart, breakout lines have been shifted upside once again. So native trend developing is again towards upside, with support of long term weekly chart. Long term weekly chart is in correction mode and still moving in down sloping channel. This may delay a full recovery on long term upside move.
Thank You Dev for detailed analysis...
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