Nifty Breaking Decending Triangle (8200 levels Next)
It is been observed that the price action forming a descending triangle on daily chart, and now it finally breaks out . from a strong support levels of 8550, indicating a strong weakness and bearishness ahead. Now it shall go further down and shall reach to 8200 levels.
Target: 8160
Stoploss: 8690
Risk Reward: 1:3
Target: 8160
Stoploss: 8690
Risk Reward: 1:3
Trade active
Buying is weak, selling at high volume. Sellers shall be in dominance in tomorrow's price action too. Prepare your shorts. Regards
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Related publications
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.