Do you remember Nifty’s Research Report?
Click Here: NIFTY Outlook – Multiple Time-frame Analysis
Nifty had given a strong closing on the previous week. It was a great opportunity because the price was at the control line of the parallel channel. If you check the price history, you can see three pivot levels: 15800, 16800 & 17600.
I have written clearly, “If you notice like a hawk, there will be a conclusion that prices have reached 17600 after the breakout of 16800.”
16800 was a crucial resistance & 0.618 Fibonacci. So, the breakout with high volume was the medium for the price to skyrocket.
Today, nifty reached our 3rd crucial level at 17600 and made a high of 17844. If you have traded after the breakout of 16800, you could get 783+ points in just 14 days.
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