yes thats what i feel bcz that will make the structure weaker as per 1-2-3 pattern bcz after making top at 20855 we have made low around 19770 and crossed 20855 and made high of 21109.so to close below 19700 zone will make it weaker and will open gates for more lower levels. liquidity by refunds from power grid, f n o expiry after 4dys, global currency related uncertainties r to be watched.
detailed report from yr end will be useful to blog readers as it has been in past.
Yes you are right Pankajbhai. So as per your chart, closing below 19700 confirms trend reversal. Is that a right interpretation?
ReplyDeleteThanks in advance
LovelyGuy
Dear Lovelyguy,
ReplyDeleteyes thats what i feel bcz that will make the structure weaker as per 1-2-3 pattern bcz after making top at 20855 we have made low around 19770 and crossed 20855 and made high of 21109.so to close below 19700 zone will make it weaker and will open gates for more lower levels.
liquidity by refunds from power grid, f n o expiry after 4dys, global currency related uncertainties r to be watched.
detailed report from yr end will be useful to blog readers as it has been in past.
Pankaj Shah