The blue crosses which can be seen are the developing CPR but the width is a bit wide which means a good bull power is needed to drag the
nifty higher above the top blue crossed line at 11926 for a further rally.
Now the static CPR as on 15/11/19 is not pierced by the price which means its a VIRGIN CPR formation. Most imp. formation who trade just
using Pivots and Price Action.
If a price rejection near the upper levels of 11926 to 11960 seen on hourly or half-hourly charts can drag the nifty till 11850ish levels in the
coming week. The Virgin CPR zone is a bit wider which indicates that the prices won't go below that in the coming week unless some real bad
news for the market. This 15mins chart clearly shows a buy on dips market but don't forget to keep appropriate stops.
On Monday i.e 18/11/19 a higher value relationship will form which says if the prices open above 11926 and higher any pullbacks or dips can be bought for sure. Please do watch for price rejection candles on both sides.
Happy trading.
nifty higher above the top blue crossed line at 11926 for a further rally.
Now the static CPR as on 15/11/19 is not pierced by the price which means its a VIRGIN CPR formation. Most imp. formation who trade just
using Pivots and Price Action.
If a price rejection near the upper levels of 11926 to 11960 seen on hourly or half-hourly charts can drag the nifty till 11850ish levels in the
coming week. The Virgin CPR zone is a bit wider which indicates that the prices won't go below that in the coming week unless some real bad
news for the market. This 15mins chart clearly shows a buy on dips market but don't forget to keep appropriate stops.
On Monday i.e 18/11/19 a higher value relationship will form which says if the prices open above 11926 and higher any pullbacks or dips can be bought for sure. Please do watch for price rejection candles on both sides.
Happy trading.