Nifty - Evening Star (Gravestone Doji)

NSE:NIFTY   Nifty 50 Index
Nifty has formed evening star with gravestone doji format at present. Maximum High can be expect is 11760.

To me it looks like this week nifty to stay netural. Next week expect huge gap down at around 11550 level.

Once, it goes below 11550 expect nifty to trade at around 11250 level and expect a bounce back before falling further.

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.