TradingView
gopalrai07
Jan 22, 2022 5:19 AM

doji formation with 0.38 support Long

Nifty 50 IndexNSE

Description

Doji formation with 0.38 Fibonacci support. If now 18300 breaks, we are heading towards 19.5k-20k.
Comments
drtanmaysaha01
Dear Mr Rai hope now you will agree with me.
Devendrawat
can we see nifty above 18000 by coming Thursday?
gopalrai07
@devendrawat007, one close above 17750,then again mad bull😉
drtanmaysaha01
I am not an expert in chart analysis. I only go with stock future, strength and trend to some extent. The increase in crude oil price, geopolitical disturbance in Europe and FII selling pressures are the current key factors of market regulation. Let's what comes after budget. But going slow and steady avoiding short & ultrashort is best for now in my opinion.
gopalrai07
@drtanmaysaha01, I am in the market from many years, fir always sell before the budget by taking leverage positions. But short-covering happens after the budget. Because indian market is not of fir, retails are the back-bone of India.
himakar
doji is not a confirmation candle
gopalrai07
@himakar, yeah doji is not a confirmation candle but it is a reversal candle if the high is break.
Pro_Dev_777
nifty50 reverse 15000
Pro_Dev_777
nice joke.....
More