On 18th August when Nifty breached the red box at the top I already informed prior that Nifty will come back as it is not stable move.
And Today everyone knows that Nifty came back into the red box.
Nifty is on the edge of the trend line.
If Nifty breaks the blue trend line down and breaches the red box downward then its journey will start downwards.
If Nifty pullback from trend line now then it will go onwards to make a new high more than 11462.
Global markets are also at their market cap upside. European market are also negative as of now.
If this continues then Nifty downward journey is confirmed so keep an eye on global markets too.
Play safe and Happy trade :)
Note: Views only for educational purpose. Consult your financial advisor before any trade.
And Today everyone knows that Nifty came back into the red box.
Nifty is on the edge of the trend line.
If Nifty breaks the blue trend line down and breaches the red box downward then its journey will start downwards.
If Nifty pullback from trend line now then it will go onwards to make a new high more than 11462.
Global markets are also at their market cap upside. European market are also negative as of now.
If this continues then Nifty downward journey is confirmed so keep an eye on global markets too.
Play safe and Happy trade :)
Note: Views only for educational purpose. Consult your financial advisor before any trade.
