Jimmy_Rebello

NIFTY into textbook pattern

Short
Jimmy_Rebello Updated   
NSE:NIFTY   Nifty 50 Index
after failed attempt on thursday price then trying form a base near the medium timeframe demand zone (mtf)

as such condition it is likely considered as
trend (thursday fall) >>>>
then side ways for liqudity generating
and >>>>>> then (trend continued)

on side
19080
18922
are curcial level to watch

18700 will be third support where price is likely to turn around if all of ther pattern goes as per textbook method

price is likely to get oversold
Comment:
price made a pullback and got rejected from fib 0.6 which was having confluence with medium time frame supply zone
the last hour selling looks parabolic

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