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 positionTrade active
Patience is paying well. Nifty reversed and falling furtherTrade closed manually
Closing position at 10174....gained almost 190 points (1.9%)....Seems 10170 is strong resistance.
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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.