NIFTY: A s per hourly chart ,NIFTY has formed a Triple Top which is a bearish paattern.
As per the pattern it shows a downward Target of 22200/22000 and drifting to 21800 zone again.
The pattern is likely to get negated if NIFTY manages to give a close above 22400(For educational purpose only)
As per the pattern it shows a downward Target of 22200/22000 and drifting to 21800 zone again.
The pattern is likely to get negated if NIFTY manages to give a close above 22400(For educational purpose only)
Comment:
already twice tested 22100 from the suggested levels of 22300 to go short
Trade closed: target reached:
as projected 500 points fall from 22300 done