- The gap that was created by NF in the morning has been filled.
- Now if the price stays above fridays price actions it will still favour the bulls.
- Only if it starts trading below friday's closing price bulls has to worry. In that case a retrace till 6150-6160 levels can be expected.
- But if it continues to trade above friday's price action we can expect an up move any time.
Very clear & easy to understand analysis. Gr8.
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