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Nifty running towards resistance

After a false break below 7780 layer of support, price jumped up strongly above the level & if the  upmove continues, we see nifty reaching the next level of resistance-7900 soon.In case, price retest the false break area of 7780 again, we’ll look for buy entry opportunities there to play the trading range of 7780-7900.

nifty on 25.5.2016

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

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