nifty MIDCAP analysis (technical analysis with smc)

2023년 8월 28일

price was in upstrend following higher high and higher low
on friday price broke the higher low, it was the first sign of trend change
on momday it was like pullback as price made internal (lower time frame higher lows)
but got resisted at fib 0.5 projected from recent high to recent intraday low or friday low

as smart money concept if the pullback has to sustain the price and insitutional will be interested at buying on higher low zone of 38500 or 38380

if price breaks the friday low and forms a lower high
then price might fill the previous gap which is pending at 38150

2023년 8월 29일

노트

price seems to be strong it has over riden the 0.5 level and heading towards 0.6-0.7 still this level will act as rejection levels

2023년 9월 2일

노트

bos was the entry point , price didnt break the level no trade intiated