1. Lower High Formation
Price failed to create a new higher high near previous resistance, showing weakening bullish strength.
This shift in structure suggests increasing probability of a bearish reversal.
2. EMA Resistance & Bearish Crossover
NIFTY faced rejection near the 18-week EMA while 6 EMA crossed below 18 EMA.
This confirms weakening momentum and growing bearish trend control.
3. Failed Breakout Structure
Price could not sustain above the breakout zone and closed weakly on weekly basis.
Such failed moves often trap buyers and trigger fresh selling pressure.
4. Weak Weekly Closing
Weekly candle closed below previous week’s low, reflecting strong seller dominance.
This signals continuation weakness unless key resistance is reclaimed.
5. Bearish Momentum Confirmation
MACD remains below the zero line, confirming negative momentum in the medium term.
Rising volume during decline further strengthens the bearish outlook.
6. Downside Risk Ahead
Price is approaching critical trendline support with bears controlling below resistance zone.
Breakdown may open downside targets towards 22,500 and possibly 20,500 levels.
Price failed to create a new higher high near previous resistance, showing weakening bullish strength.
This shift in structure suggests increasing probability of a bearish reversal.
2. EMA Resistance & Bearish Crossover
NIFTY faced rejection near the 18-week EMA while 6 EMA crossed below 18 EMA.
This confirms weakening momentum and growing bearish trend control.
3. Failed Breakout Structure
Price could not sustain above the breakout zone and closed weakly on weekly basis.
Such failed moves often trap buyers and trigger fresh selling pressure.
4. Weak Weekly Closing
Weekly candle closed below previous week’s low, reflecting strong seller dominance.
This signals continuation weakness unless key resistance is reclaimed.
5. Bearish Momentum Confirmation
MACD remains below the zero line, confirming negative momentum in the medium term.
Rising volume during decline further strengthens the bearish outlook.
6. Downside Risk Ahead
Price is approaching critical trendline support with bears controlling below resistance zone.
Breakdown may open downside targets towards 22,500 and possibly 20,500 levels.
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.
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.