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Nifty 50 Index
Short

Renko, Supertrend & Aroon all given bearish signal

By akshay1808
Updated
NIFTY seams to be in bearish phase on Renko hourly charts. 3-4 indicators suggesting a bearish trend.
1. Renko hourly charts changing direction & colour.
2. Supertrend bearish Signal
3. Renko bearish indicator crossing up the bullish one.
4. EMA10 crossing above Renko bars.

Take a sell postion till the trend changes. I will update about trend change.
Trade active
Kindly maintain your sell position
Trade active
Patience is paying well. Nifty reversed and falling further
Trade closed manually
Closing position at 10174....gained almost 190 points (1.9%)....Seems 10170 is strong resistance.
AroonChart PatternsTechnical IndicatorsNIFTYrenkobarssupertrendTrend Analysis
akshay1808
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