mklives

NIFTY..triangle.

Short
mklives Updated   
NSE:NIFTY   Nifty 50 Index
NIFTY still is in a triangle on daily charts .
but todays move is highly bearish . started with a gap down and never filled the gap.
had a trending bearish move today..
wait for traingle to break for fresh shorts, for target of 11600
Comment: gapped down below triangle..not good..
nifty at 200 dma.. considering the weakness i am expecting lower levels, whether after a bounce or not, time will tell
Trade closed: target reached: 11600 reached
Comment: what a fall breaking the triangle and now gapped down below 200 dma, with heavy selling

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.