Nifty Expiry Douple Top Bearish Divergence

Sep 25

Nifty tested twice 26000 in 2 days in 1 hour time frame there is double top formation and with RSI being a negative divergence signaling a Short set up on open if opens flat.

A gap down opens later checks on 26k area rejection can be short another option.

Any gap up above 26035 could be sell off as per Price action , contiunuos risisng market need a breather a leg pull back to resume uptrend.

Immeadiate Resistacne is 26035.
Immeadiate Support is 25860.

Note:- This is chart is 1 hr chart zoom into lower time frame trading time frame for intraday which is 5 mins or 15mins for better entry since levels are marked wait for confirmation of rejection or acceptance.

Sep 25

Note

15 Mins Chart for reference

Sep 26

Note

Opened flat crossed previous day high if sustains can long till 26100,26150,26200 above wait for confrimation (eg :- weak pull back to pdh , lower high on pdh , sustaining more than 30 mins here at pdh) , in any case if voilates previous day high it will test 25950 to 25900 area on lowerside.

Sep 26

Note

Target 1 acheived , break out happened and tested the bo level going for target 2

Sep 26

Note

long entry

Sep 26

Trade closed: target reached

Target 2 acheived

Sep 26

Note

As mentioned in morning 26200 also acheived

Sep 27

Note

today 27 th september trade

Short entry

Sep 27

Trade closed: target reached