Nifty 50 IndexShort
NIFTY trend analysis
Updated
charts gives the indication before the bigger trend starts...
nifty started its upward journey by making low 16163 with doji on 11th aug 2021
after that given number of confirmation to add longs... and went on to make high 16702
now again nifty made doji at top and doji low 16672 broken down with confirmation candle
given 1st hint of correction than back to back other two confirmation also given
now trendline broken .. expect minimum target of 16400
than important level 16340 .. if this level too decisively broken than only expect fall upto 16200-100
Gann pressure dates : 18th aug to 20th aug
and we have seen selling pressure on 18th aug... it may continue on 20th aug for above targets
nifty started its upward journey by making low 16163 with doji on 11th aug 2021
after that given number of confirmation to add longs... and went on to make high 16702
now again nifty made doji at top and doji low 16672 broken down with confirmation candle
given 1st hint of correction than back to back other two confirmation also given
now trendline broken .. expect minimum target of 16400
than important level 16340 .. if this level too decisively broken than only expect fall upto 16200-100
Gann pressure dates : 18th aug to 20th aug
and we have seen selling pressure on 18th aug... it may continue on 20th aug for above targets
Note
MADE LOW 16376... MINIMUM TGT ACHIEVEDNote
nifty re-tested the the breakout level... now more weakness only if breaks important support 16340
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.