Get started
Nifty 50 Index
Short

NIFTY 18 AUG-21 Weekly Expiry

By ATradingJourney
Updated
Nifty is forming an ascending wage pattern & it can take the resistance from 16650 and continue to the downside.. once entry get triggered trail your SL at cost if the market drop below the entry price.
Note
In the above analysis, i miss the trendline adjustment. It has to start from 19 july and the price perfectly touch the trendline and reverse from it,,,
Will try to avoid such issues in d future.
Support and ResistanceTrend Analysis
ATradingJourney

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.