Prices have confirmed a lower high and lower low formation with the break of 11185.15 on daily charts. Now, on the lower time frame charts, prices are approaching resistance zones along with the formation of negative reversal where prices are in the formation of lower highs while indicator (RSI) makes higher high. Now, on the break of 11181 which is a higher low on 30 minute charts.
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Description continued - Now, on the break of 11181 which is a higher low on 30 minute charts, a confirmation of lower low will change the trend in shorter time frames as well and the trigger point for selling to emerge.
DOWN TREND CONFORMS WHEN 11150 IS BREACHED IN 1 HOUR CHART.
aditya.thukral423
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@ckirtane, But on hourly chart the formation of negative reversal is not visible, which is visible in 30 minute charts. So considering the higher low of that time frame. However, there may be chances that negative reversal formation could happen in hourly time frame which can break yesterday's high of around 11305 once and start falling from there. So, as soon as lower low is confirmed in the time frame where formation is clear, trade should be taken based on that.