NSE: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.
Kindly maintain your sell position
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.
'BUY' signal not yet appeared, so continuing with the current short position. Unfortunately, you will not see updates in above charts as 'Load new bar' functionality doesn't work on 'Renko bar Charts'. I am trying to post the chart as a Pic in comment section. Do you know how to post Chart Pic in comment section?