Get started
gokrishna

Nifty on lower low formation Price Action

Short
Nifty 50 Index (NSE:NIFTY)  
gokrishna Updated   
NSE:NIFTY   Nifty 50 Index
Trend Analysis Fundamental Analysis Beyond Technical Analysis priceaction priceactionanalysis niftyanalysis niftytrend niftyshort lowerlow
1
1
trendanalysis fundamental beyondta priceaction priceactionanalysis niftyanalysis niftytrend niftyshort lowerlow
Since, Nifty is under consolidation and forming lower low formation,

Nifty will hit 15836 - 15850 will act as resistance, if it break out there are possibilities to reach 16000 in upcoming week.

If it goes below 15850 then there will be major fall upto 15460 - 15500...
Comment:
As Explained, Exactly 15850 act as resistance and came down upto 15745...

Today Market Gap up opening breaking the trendline and it acting as support...

If it sustain above trendline possibilities to reach 16000 in this week.
Comment:
As explained, Nifty has reached 16006 now...
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.