Nifty 50 IndexUpdated Nifty might give a trending move very soon!!!
On the hourly nifty has started showing a shift in structure from bearish to bullish, currently its right in the middle at VPOC. Today it tried to break the triangle upside but closed right at the top. How it reacts here tomorrow will be crucial, if it continues to print bullish momentum we can see 18475-500 levels. Whereas if it breaks on the downside we can retest the low of 17775.
VPOC : Volume point of control is the price at which the max number of volume has been traded. It is usually the point where accumulation & distribution is done for an impulsive move towards the top or bottom of the range.
VPOC : Volume point of control is the price at which the max number of volume has been traded. It is usually the point where accumulation & distribution is done for an impulsive move towards the top or bottom of the range.
Trade active
NIFTY broke the triangle with good momentum, have booked partials & moved SL to cost.Trade active
still active & performing very wellTrade active
Target almost done
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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.