WaveTalks - Nifty - Double Click or Double Divergence at 16590

Aug 17, 2021

Educational Idea talking about reversal candlestick pattern - Tower Top & Double Divergence at the tops could be halting the bullish moves. Once we get follow up going below 16475 immediately- It could have bearish bias for the days / weeks to come ahead.
Important Support Levels - 16160 / 15800-15900 / 15500

Thanks for watching the video.

Aug 17, 2021

Note

14:59 Hrs / 17th Aug2021

Hello All,

Have suggested 16475 as important level in the main update which is the key level & Index should fall below 16475 to confirm the bearish bias.

Today, Index dropped close to 16475 - made low at 16495 just 20 points above so we did not get the confirmation as suggested.

Plan your trades watching these key levels. Thanks

Aug 17, 2021

Trade active

21:26 Hrs / 17th Aug 2021

Hello All,

Got one more key level from today's price action & market update as mentioned below
16542
16475

Break of these 2 levels will be a higher probability of making the top at 16628.55

Shall review in next few days if Index falls below 16475 & slips to 16162 support as suggested in the main update. Thanks