Publishing herewith my idea about nifty using day time frame, well add some more graphics in comment section
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if price crosses a range/ line be cautious ,
line or range will act as support or resistance as per opening price, if opens below a range, it will act as resistance and vice versa, on trending day price might break more than one ranges, so, just be cautious when price reaches the range/ line and move the sl accordingly
line or range will act as support or resistance as per opening price, if opens below a range, it will act as resistance and vice versa, on trending day price might break more than one ranges, so, just be cautious when price reaches the range/ line and move the sl accordingly
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price reached it's weekly high range ,now extremes
price reached it's weekly high range ,now extremes
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monthly range
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almost between two ranges
almost between two ranges