- Since Oct18,Nifty is successfully defending the lower line of price channel existing since Nov2015
- Feb19 closed at verge of lower line of this price channel
- Since Nov18, all monthly candles are forming inbody of Oct18 candles
- This four months consolidation may not continue and we may see breakout in any direction in Mar19
- Bullish View: If 4hr candle closes above 10850, SL will be 10790
- Bearish View: If 4 Hr candle closed below 10750, SL will be 10860
- Feb19 closed at verge of lower line of this price channel
- Since Nov18, all monthly candles are forming inbody of Oct18 candles
- This four months consolidation may not continue and we may see breakout in any direction in Mar19
- Bullish View: If 4hr candle closes above 10850, SL will be 10790
- Bearish View: If 4 Hr candle closed below 10750, SL will be 10860
Trade active:
Hold it with SL of 10790