slowly drifting down is having occasionaly bear
climax bars and moving down. Here, both bulls and bears not doing a great job. Bulls not have the force to pull nifty
up and bears dont find excited to push it hard.
Trading in channel nifty
is at the bottom of the channel and made a doji
bar followed by a bear
failure bar, continued by a bull
body bar. so bulls and weak bears will book profit here pushing nifty
to the higher trendline
and good risk reward
trade setup available.