Nifty Monthly - Very Bearish Price Action
This price action suggests the long side is capped for a month or two. If, however, the top of the candle is taken, NIFTY can move very higher. Ideally, people who are not aware, should not trade.....
Trade closed: stop reached
The top is taken out in three days, so this view is negated now.
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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.