Nifty - Conservative sell at the red arrow
In line with the view shared in late december for a long.. (in.tradingview.com/chart/NIFTY/n5tkFfzP-Nifty-Long-term-Buy-updated-chart/) , a conservative sell near the upper arrow marked in red from the range of 8905 to 8945 levels.
EW Labelling :
Primary : 3.1 is completing - critical supports around 8700 and 8550 levels
Alternate : Correction in a form of a triangle with D wave going on.
Clean negative divergences in RSI 9, 14 periods and MACD ( Slow and Fast ) indicators.
Stoploss = Weekly close above 8960.
EW Labelling :
Primary : 3.1 is completing - critical supports around 8700 and 8550 levels
Alternate : Correction in a form of a triangle with D wave going on.
Clean negative divergences in RSI 9, 14 periods and MACD ( Slow and Fast ) indicators.
Stoploss = Weekly close above 8960.
Trade active
Stoploss = Weekly close above 8960 levels.Trade active
Price reached the red-arrow and right at the SL point and sold off. Developing candlestick for the day = Shooting star. Need a follow up now to turn the trend to DOWN.
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