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NIFTY : price pushed up strongly from bottom range

On 16.03.2016 chart update, i discussed a buy entry on the nifty's ongoing range bottom around 7420 & finally we've seen price up moving up pretty strongly from the level after making a low around 7405.As discussed in last post, price managed to hit the target resistance of 7580 too as soon as market opened up today.Since the range bottom area is still valid hence i'll again look for buy entry around the bottom zone of 7400-7440 in case price gives a pull back towards that support zone or else we'll wait or a breakout move up above 7605 layer of resistance to look for further bullish trades therereon.


SUMMARY : READ price momentum context – RECOGNIZE the pattern going on – TRADE the pattern till it ends and to learn it all join me in my ADVANCE TRADING COURSE & trade with me real-time using higher & lower timeframe charts.

PLS NOTE : All chart analysis posted above are the author’s own idea of trading for educational purpose only &  not any form of advice or recommendations or opinion to anyone.

March 17, 2016

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