1. Nifty is on the Upper band of the channel.
2. On Drawing XABCD Pattern from the last peak low and high.
XB=0.79 (NEAR TO 0.786) AC=0.884(NEAR TO 0.886), THESE PARAMETER SATISFY BEARISH BUTTERFLY PATTERN.
3. ASSUMING XD=1.27, BD=1.69(NEAR TO 1.61). D POINT TO PRICE 10974.
4. SGX NIFTY LTP 10965 has already touched the upper the band and the price is also near to 10974. it indicate the fall is soon to start.
5. if the Nifty does not took the reversal from D Point then maximum it may go up to 11004 and check the upper band of the channel.
6. TO KEEP THE TRADE SAFE. LET THE TREND LINE BREAK OUT MUST HAPPEN.
SELL BELOW 10869 TARGET: 10824 , 10778 STOP LOSS 10930
IF YOU LOVE OUR STUDY PLEASE LIKE + COMMENT THE STUDY AND IF YOU WANT MORE STUDY FROM MY SIDE PLEASE FOLLOW MY PROFILE.
PLEASE DONATE ANY AMOUNT FOR A SOCIAL RESPONSIBILITY CAUSE :
UPI PAYMENT: bpower@upi
Thanking You.
Regards,
Gaurav Bajaj
Mobile:+91 8081477888
Comment:
Day started on SGX NIFTY with Red Candle
