Nifty - Made a Lower High, Failed to reach previous High.

NSE:NIFTY   Nifty 50 Index
Today's price action indicated weakness as it failed to reach out to previous high levels of 8840. I believe sellers are now in dominance and the prices shall further move down tomorrow.

Target 1: 8747
Target 2: 8700
Stoploss: 8840
Trade active: It again failed to reach Higher Highs, indicating weakness. Prices shall move further down to achieve target 1
Trade closed: target reached: Target 1 and Target 2 achieved.


but it did not even made LL.. so can it also b said that currently the nifty seems neutral.. keeping in mind that if today fed does not increase the rates then the scenario changes to bullish.. gap up opening tmrw is very much possible.
what are your views about this.
+1 Reply
InsiderB yuvrajsingh7722
@Yuvi,You are right in your prediction !
Great Sir!!
Good predictions ....
+1 Reply
@Vijay73 It shall now go further down to achieve Target 1, I appreciate your remarks.
Sir please reply
NeeteshJain Abhishe63771060
@Abhishe63771060 I have sent you some pdf files to read about technical analysis in order to have good understanding. Thats how I started.
Or email I'd please
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