NIFTY--Drop Base Drop or Bullish ??

30 באוג׳ 2023

NIFTY index,
3 continuous bullish gaps indicating bullishness...
Gap up opening and filling the gap and again gap up opening ...
this happens in the last 3 successive sessions....

In higher time frame price action is still bearish,
After a strong break above the 19500 levels...
a strong fall is observed up to 19300 levels...
the liquidity grab on bottom side is finished...
and now price is moving in a bullish channel,with 3 continuous bullish gaps....
if this move continuously happens to top side...
tomorrow the liquidity on the topside @19650 levels will be finished soon.

Keep safe...

1 בספט׳ 2023

הערה

strong bullish pressure is observed...after 3 bullish gaps...don't go for short...wait.

1 בספט׳ 2023

הערה

At important resistance...