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
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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
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11600 reached
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what a fall breaking the triangle and now gapped down below 200 dma, with heavy selling
true! you are only one who has mentioned it.. Cheers
Parasuram
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why dont you see the triangle beigning from 12428.. thats ok.. bottom connectng points 11614 and todays low..? on hourly chart
mklives
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@Parasuram, i use daily daily charts always.. since am a positional trader in futures.. alternate view given below..at support now..reason y i used the other onw, the one below coindies with 200 dma. so thatsasupport anyways at 200 dma