WaveTalks - Nifty - Double Click or Double Divergence at 16590

AbhishekHSinghCMT Updated   
NSE:NIFTY   Nifty 50 Index
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.
Comment: 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
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

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

Best Regards,
Abhishek H. Singh, CMT
​Growth Director - TradingView India

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