Nifty Expiry Douple Top Bearish Divergence
Updated
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.
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.
Comment
15 Mins Chart for reference
Comment
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.
Comment
Target 1 acheived , break out happened and tested the bo level going for target 2
Comment
long entry
Trade closed: target reached
Target 2 acheived
Comment
As mentioned in morning 26200 also acheived
Comment
today 27 th september trade
Short entry
Trade closed: target reached
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