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forextidings

Do hugging lines proficient to hold bulls of nifty?

Nifty 50 Index (NSE:NIFTY)  
forextidings Updated   
NSE:NIFTY   Nifty 50 Index
Trend Analysis Elliott Wave Parallel Channel elliottwaveprojection elliottwavecorrection NIFTY nifty50 niftyanalysis niftytrend niftyindia
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trendanalysis elliottwaves parallelchannel elliottwaveprojection elliottwavecorrection nifty nifty50 niftyanalysis niftytrend niftyindia
Nifty is forming a bearish engulfing pattern on the daily time frame chart, and the price also declined from the control line of the parallel channel.
If the price sustains below the previous trading session, we can see a bearish move for the following targets: 17008 - 16867 - 16760.

Previous chart:
Nifty outlook - Strong Recovery or Impending Decline
Selling Targets:
TP 1: done
TP 2: done
Trade closed: target reached:
Nifty reached the first target of 17008.
Comment:

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