Hi All
On Friday, We saw a Classic Price Action Pattern on 1hr chart n EOD Chart. Star pattern and Island Gap pattern
As expected after the BIG GAP Down Opening , Selling Pressure sustained and Price almost hit the GAP ZONES as expected near 14460 zones .
Now 14330 – 14460 Gap Zones will the Support zones to Watch
Gap Zones at 15000-15060 will act as resistance.
Trend will not reverse until Swing Low 13610 Holds for NIFTY
Trade with the WAVE Trend will be Tricky now….
Is the FALL wave C or Wave 3??
Ramesh Nadar