Currently, In Nifty, both support and resistance are at the same place. Support is strong in itself and resistance is also strong in itself. The support in Nifty is at 19,400 and resistance is also at 19,400. 19399 is the expected reversal price, which represents an Extension of Support in favour of COA 1.0 starting from the bottom and is moderate. 19457 is the expected Reversal Price and represents Extension of Resistance in favour of COA 1.0 from Top and is Moderate As time passes, as the market continues to hold its support or resistance at any one place, the activity of 2.0 will increase. However, since the market has strong support and strong resistance, in such a case, the maximum that can occur is ‘one extra diversion’ if the market tries to move sideways or down. Momentum cannot do much in the market. Talking about the support or resistance being the weak towards top or weak towards bottom, neither of the resistance or support is currently visible anywhere as the weak towards top or weak towards bottom. If you keep an eye by comparing 400 and 300, then it is showing its weakness around 61%, 62%, or 63% for a long time. That means, there is no possibility of weakness coming. According to the Chart of Accuracy 2.0, if a lot of time has passed, the market remains stable for one or half hours, then it is possible that the market may create bearish pressure and take one extra diversion. By the way, nothing like this is visible in this market. This is a range-bound market. No momentum is visible unless somewhere in the chart of accuracy 1.0 we see some pressure on any of the sides. Keep eyes if support or resistance becomes weak any side not need to be emotional, so react accordingly.
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i was also doing the saame analysis….what a great support and learning…thanks vinayji
Thanks a lot sir ji
Humne bhi same aisi hi socha aur trade mai bune hai jab wtb hoga to nikal jayenge .
Aur COA 2.0 KA BEHAD KHAYAL RAKHE HAI .
Nice sar
Thank you sir
Great analysis
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Vary good sir
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Great analysis sir
YES SIR .. ACCORDINGLY TO REACT KARNA HAI
Blog is always fantastic for all of us. Main important things to remind is if market hold at one place/sideways for 1-2 hours COA 2.0 is Activated.
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Great mentorship….awesome learning for all community members….thanks to vinay sir
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Nice analysis sir
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