Manav Chopra, CMT Profile picture
Technical Analysis | System Trading and Investing | Swing Trading | Disclaimer- Post shared must be viewed only for education purpose.
Jun 11, 2020 5 tweets 2 min read
#Nifty Monthly @10116
-Prices face confluence resistance at 10350-10700 which is the upper band & price resistance zone
-Historically the upper band has often acted as a Bear resistance level and new Bull Run has started only on a break & close above the upper-band(yellow line) -The Upper band (Yellow line) has too marked important lower tops previously and currently Nifty has tested the upper resistance band.
-The current structure would indicate a bullish sentiment and confirmation only on a monthly close above 10700 levels.