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bbrijesh
Aug 3, 2017 3:11 AM

Nifty 

Nifty 50 IndexNSE

Description

* Bearish Candlestick
* Multiple Fib resistance of 261.80%
* Over Bought RSI
* AD Line sloping

Comment

Finally Bears are having good time.

Comment

Fib and Candlesticks at work..
Comments
anupminj7
ANY TGT
jaguar.paw198
What is your trading idea sir? Should we buy or short nifty?
bbrijesh
@Jaguar.paw198, Had mentioned Bearish pattern sir.
Girish
Nice chart, Brijesh.

Just to add, there are multiple highs around the same level seen on 10K, 10.1K, 10.2K CE charts, combined with some buying interest on PE charts near lows [yesterday]. Whether it's a one-day price action or an indication for a dip, we may know soon, I guess.

Looks like a good trade opportunity is around the corner :)
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