NSE:NIFTY 17560 - 18340 is the expected rangebound for nifty as it failed to fill the gap formed on OCT 4. Until un less it fill, then we can expect a bullishness above 18500.
This is exactly why I stay short until we break the upper black trend line to the upside. I would rather buy with confirmation of a break from the range-bound trend to a bullish trend before buying. Continue the move to the apex. If it breaks lower I wait. If the upper trend line breaks I buy. Thoughts?
Same old Same old… not much change on this chart at all. This market busted through a near-term dotted trend line to the upside, but the needed momentum to back it up has dried up. The Average Directional Index (ADX) line was trying to turn higher to show some trend strength building, but has fizzled out a bit. The directional index lines are all knotted up and...