Nifty near gann trendline,EOD Analysis

As we have been discussing about Time correction (Where Price remains in a small range over a period of time) in past few analysis, Nifty closed on 02 May @7805 and today close was 7783 so we have moved just 22 points in last 13 trading sessions. We are again near to gann trendline as shown in chart below, holding the same bounceback till 7900. Break below the same and close below 7777 

Posted in: Technical Analysis