As a usual concept, a demand zone is shown.
So if NIFTY reverse from the 50% retraced line, expected targets are shown.
If not reversed, it may go till 61.8% and possible to reverse.
If it moves below the 61.8% line, possible to continue the down trend.
(Note that present RSI is 40.08, which is not actually gives a reverse sign.)
Disclaimer: As usual, it is not a recommendation.
So if NIFTY reverse from the 50% retraced line, expected targets are shown.
If not reversed, it may go till 61.8% and possible to reverse.
If it moves below the 61.8% line, possible to continue the down trend.
(Note that present RSI is 40.08, which is not actually gives a reverse sign.)
Disclaimer: As usual, it is not a recommendation.
Trade active
Still VALID. One can see it consolidates now
But tomorrow due to expiry, may not be a bullish move..
Let us see...
Trade active
Monthly Expiry ends with Bull candle.Now it may move to 17200 and if further moves up, possible to move till the first target in coming days
Trade active
NIFTY reached Target 1Trade active
Crossed the second target and going goodTrade active
All Targets HITNote
Still LONG....
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.