I am starting a daily / weekly update for recording and notes taking on Nifty's behaviour from it 50 EMA recovery.
Commento
⋅
Weekly View
Commento
⋅
Showed a strong recover but fails to move above and took a u turn back to 50D EMA
Commento
⋅
Bounced from FIBO levels and back around 50D EMA
Commento
⋅
Nifty is still not out of the Danger ZONE on Friday 09 April 2021 Nifty Made a DOJI candle and on Monday open it was gap down with closing top of Budget Day Candle which is currently considered as Support ZONE.
Commento
⋅
Today Buying support came in with Volume Expansion on 25m TF.