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kpraveennitw

seems false breakout can lead to a big fall

Short
Nifty 50 Index (NSE:NIFTY)  
kpraveennitw  
NSE:NIFTY   Nifty 50 Index
Trend Analysis Harmonic Patterns Chart Patterns
5
0
trendanalysis harmonicpatterns chartpattern
In day candle it seems it gave false break out.we can confirm if RSI(Daily) comes below 14SMA .After confirmation one can target nifty towards 15400.now nifty in indecision zone better avoid trade or reduce position size.

This zone is critical and decides direction.

This just my view not giving any recommendation for trade.
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