Nifty closed below lower top lower bottom formation on daily chart if we exclude 09/11 candle then still nifty trying to fill all gap up line between 8150-8500 Gap up is considered as strong support ,and one thing more i tried to draw long trendline then that trendline is also acting as Resistance as nifty closes below this trendline means clearly downtrend started on daily chart.. so finally lower top lower bottom is acting as resistence on daily chart.
this is for my personal study not for trading..
this is for my personal study not for trading..
Closed @ 8296
EMA 20 @ 8549
EMA 50 @ 8602
EMA 100 @ 8513
Resistences: 8451,8526,8621
Supports: 8281,8240,8139,8032
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