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Nifty Technical Charts And More — Show Of Strength Needed Now
The next thing traders need to see is for momentum to start accompanying the price action, writes CK Narayan.
09 Jul 2022, 10:04 AM IST
Writing in the column on June 25, I said, “...a possible point of forming a durable bottom. This straightaway means that the June 17 low should not be broken with any degree of conviction – meaning a bit of a poke here and there should be fine. With that as a caveat, we can now start thinking of longs as a clear stop-loss zone is available.”Also mentioned was that speed was not to be expected in the following week. We didn’t break th...
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