Nifty Idea (Just for Educating myself)

NSE:NIFTY   Nifty 50 Index
Stop Loss and Target given in the chart.


Yesterday the Nifty fell nearly 400 points from the open. A 80-point up move from the stop loss implies that Nifty will fall further. You have thus given rise to more questions!!!
+1 Reply
damawat sanketsudan
@sanketsudan, Let's see sir your point also seems valid. I'm just exploring patterns that I saw.
@damawat, Nifty has formed a big outside candle on the daily charts along with a double top. This was the first pullback to the 20 EMA in 35-36 odd bars. Chances are that at the minimum yesterdays low will be tested again. To my mind unless global market are supportive we will go down much lower. If we gap up to 15077, it may be sell from the open.
+1 Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out