NIfty View

a reversal chance on the chart
view is neutral to bearish
once level is broken momentum will pickup

Trade active

if breaks weekly trendline(WCB) we can see a start of new trend.

Trade closed: target reached

Note

VERY IMP

this is a trap zone for both buyer and sellers with lots of volatility
so most of trade in this range should be short term and short lived
for one to be positional

let market break range or let it test Monday gap low and form any bullish candle
if a bullish candle form -- long with sl of that candle

if we close below Monday low then expect big profit booking soon
at present u will feel lot of sl is getting hit
SO aim for smaller targets rather than bigger

Note

for shorts this is short term exit zone

Note

now followup selling is missing

one should avoid any kind of selling now

or if one is short shd keep 24600 as SL

kacharts

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kacharts

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