Nifty 50 IndexLong
Nifty may have a new rally coming.
Updated
As per sea pony and sea horse pattern drawn on the chart. Nifty respected D point but went for a stoploss hunt before bouncing. The recovery until C was 172 points, as per theory if everything's work in favour the Nifty may rally until 15940.
Important thing here is to be break 15800 barrier first.
Let's hope for the best.
Important thing here is to be break 15800 barrier first.
Let's hope for the best.
Trade closed: target reached
short covering throttled NIfty above 15950.
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.