The price is attracting toward the Gravitating Value side, which is already drawn by “a”, “b” and “c”. In the short time of period, how and why price again coming(“d”)?
At the “d” point, we’ve got DOJI(price rejection).
x,y, and z are the demand area from where price bounce to the upside.
The following scenario can be considerable,
- 1) If a price is moving more up, it will not close above 11150 above. 11181 is last rejection area.
- 2) For downward move, targets 10925-10950 in short term if “d” point confirm.
Expected opening flat and, Intraday R 11148 to 11181 and support 11065-55