NeeteshJain

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

Short
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.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.