NIFTY 200 : IF Bearish Engulfing not breached a fall likely soon
A Bearish Engulfing pattern formed at the top of channel is a important point to note on the chart. Fresh long entries should be avoided right now until a fresh high breaks. On the other side if current formed low breached markets may see the lower lows coming forward. Study the charts on indices carefully. Strategy : FRESH LONGS + BUY PUTS , Only BUY + Strict Stop Loss , No signs of selling yet. Still strong standing on upside.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.