tradetechnicalanalyst

Nifty price Action 14.04.2024.

Short
NSE:NIFTY   Nifty 50 Index
Nifty facing trendline resistance at 22777. Next up move will come when it close above 22777, till stay short.
As per chart nifty showing weakness. It form evening star pattern on daily chart and also double top on 3-4 hrs. time frame.
On Monday nifty can short with stop loss 22810 on any level below 22610 for lower target 22430, 22310 soon.
As per channel shown on chart nifty final target would be 21921.
Trade closed: target reached:
Nifty low 21975
considerable gain. Huge return from 22400 to 2200 almost 400points gain.
Enjoy the Gain

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