Nifty is nearing important zone
I have taken daily time frame for analysis today. As per the chart, price is below the support, but today's move is bullish.
To move up further price has 2 road blocks.
1. Resistance zone 23240 - 23320.
2. Trend line resistance.
Price have to cross these two hindrances to move up further. It will be needing more bullish power to do that.
Do your own analysis before taking any trade.
Lower time frame chart is bullish.
To move up further price has 2 road blocks.
1. Resistance zone 23240 - 23320.
2. Trend line resistance.
Price have to cross these two hindrances to move up further. It will be needing more bullish power to do that.
Do your own analysis before taking any trade.
Lower time frame chart is bullish.
Uwaga
Good move. 
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