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UnknownUnicorn2760954
Apr 18, 2018 1:05 PM

Nifty retraces from 50% fibonacci level Short

NSE:NIFTY1D
Nifty 50 IndexNSE

Description

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Nifty formed a bearish candle from 50% fibonacci level. A short pullback can be expected. Also, the stochastic indicator showed a bearish divergence further showing the possibility of a pullback.
Entry: 520
Target: 500/495
Stoploss: 530
Trend AnalysisTechnical IndicatorsNIFTYshortFibonacci Retracementbearishdivergence
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