Trend is your Friend Short

Nifty 50 IndexNSE

Description

⋅ Sep 17, 2022 10:25 AM

So Friends, the break of 2-4 trend line with volumes , what does this implies ?

Simple charts with simple learning !!
Just follow the basic rules and never forget that "Trend is your friend"..

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Comment

⋅ Sep 24, 2022 2:02 PM

I am Looking for a interim bounce in this fashion ( marked in orange color)

* only for educational purpose,trade at your own risk !!

Comments

Swarnendu_Mitra

⋅ Sep 17, 2022 4:36 PM

Zero line hasn't broken yet, so what you're referring as 2-4 Trendline could be 3.2-3.4 trendline also. Even more bullish scenario would be that the top was an irregular and we're still in W3.4. This irregular B/X scenario will be negated if Monday NIFTY goes lower than Friday, because zsro line will be finally broken then, confirming W3 was done at top and W4 is now running.