As discussed in my previous post, wherein i have observed a butterfly pattern, which led this short-term reversal, and also projected a potential crab pattern, which may take nifty to 8416-8420 level in no time, considering its a impulsive extension pattern.
As expected, impulsive rally to the upside is observed in the index yesterday, closing @8475, well above resistance of 8432& 8460.
Today, we saw a gap opening @8499, and rallied to level of mentioned yesterday. i.e 8516-8520.
Now, the price action here is important to see, which will further decide , which side the momentum would flow.
As expected, impulsive rally to the upside is observed in the index yesterday, closing @8475, well above resistance of 8432& 8460.
Today, we saw a gap opening @8499, and rallied to level of mentioned yesterday. i.e 8516-8520.
Now, the price action here is important to see, which will further decide , which side the momentum would flow.
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