A pullback before further down move?

ssen Updated   
NSE:NIFTY   Nifty 50 Index
Nifty taking support at around 11800 level as well as a recently developed uptrend line (marked in green). It might bounce back from here and form a sideways pattern before resuming its down move.
But I will not be in hurry to initiate a long trade.. not before there are good volume bullish candles in intraday charts.
Order cancelled

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.