NIFTY 50 - 'Bearish Bat Pattern'
Nifty has made a slow and a steady up move and it is now near trendline resistance and harmonic PRZ. Hourly RSI is above 80 which also indicates overbought. Looks like fresh short position can be created near 14972.45.
CMP - 14949.4
Entry - 14972.45
Target 1 - 14851.45
Target 2 - 14777.25
Target 3 - 14717
Stop loss - 14985.3
CMP - 14949.4
Entry - 14972.45
Target 1 - 14851.45
Target 2 - 14777.25
Target 3 - 14717
Stop loss - 14985.3
Trade closed: target reached
All targets achieved.
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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.