In 1hr time frame, Nifty is travelling in a descending channel pattern (as shown in chart).
If the next hourly candle breaks down out of the yellow trendline, we can go short!!
18000 being psychological support, we can increase our quantities after 18k breakdown!!
Seems like Nifty is respecting the channel, Let's see how it moves!!!
Target and SL levels mentioned @ chart!!!
Note- Just Sharing my view...not a tip nor advice!!!
If the next hourly candle breaks down out of the yellow trendline, we can go short!!
18000 being psychological support, we can increase our quantities after 18k breakdown!!
Seems like Nifty is respecting the channel, Let's see how it moves!!!
Target and SL levels mentioned @ chart!!!
Note- Just Sharing my view...not a tip nor advice!!!
Comment:
lack of volume for green candles pose the bulls weakness!!
DJI also in vary of a double top...lets see!!!
DJI also in vary of a double top...lets see!!!
Trade active:
Dumbling Top with gap down!!
Breakdown required for confirmation....let's see!!!