Nifty is in a symmetric channel where there are 3 possibilites...
1. Chances are it may give breakout and follow uptrend channel which was happening from past days after little correction...
2. It May continue sideway move and give upside/downside move after few days
3. Breakdown, through which we may conclude that the nifty is ready for bigger correction...
Targets in Case of Breakout : 9710/9750/9800+
whereas SL will be : 9650
Targets in Case of Breakdown : 9535/9480/9360-
whereas SL will be : 9630
Note: Do your own study before making any position...
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1. Chances are it may give breakout and follow uptrend channel which was happening from past days after little correction...
2. It May continue sideway move and give upside/downside move after few days
3. Breakdown, through which we may conclude that the nifty is ready for bigger correction...
Targets in Case of Breakout : 9710/9750/9800+
whereas SL will be : 9650
Targets in Case of Breakdown : 9535/9480/9360-
whereas SL will be : 9630
Note: Do your own study before making any position...
Please Like, Follow and Comment your views below...
Trade active
Note
will it give breakout???Note
:DTrade active
Note
again inside a rangeTrade active
wait for clear directionTrade active
Short short and only short :DTrade active
positive RSI divergance on the hourly charts of nifty...Note
do nifty took support over 50 Days EMA?Best Regards,
Akshat Patwa
twitter.com/MrAkshatP
facebook.com/MrAkshatP/
Akshat Patwa
twitter.com/MrAkshatP
facebook.com/MrAkshatP/
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.
Best Regards,
Akshat Patwa
twitter.com/MrAkshatP
facebook.com/MrAkshatP/
Akshat Patwa
twitter.com/MrAkshatP
facebook.com/MrAkshatP/
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.