Nifty 50 IndexUpdated NIFTY--Bullish or Bearish ??
After a strong bullish gap...price reversed and entire day is trading in a bullish channel...
at the end of the session broken the channel and retested...
It has broken the trendline as well...
so tomorrow opening is very important for us...to be bullish or bearish...
If opens down and continue will enter short side on retracement...
or opens down and unable to break high then also be on the short side...
If opens up and gives us retracement will be on buy side...up to 19500 levels...
After down opening if price consolidates mean...break down happens...we have bullish gap left below...
Keep safe
at the end of the session broken the channel and retested...
It has broken the trendline as well...
so tomorrow opening is very important for us...to be bullish or bearish...
If opens down and continue will enter short side on retracement...
or opens down and unable to break high then also be on the short side...
If opens up and gives us retracement will be on buy side...up to 19500 levels...
After down opening if price consolidates mean...break down happens...we have bullish gap left below...
Keep safe
Note
we may think that exhaustion of buyers in that bullish gap....Note
opens exactly at Resistance zone.Note
safe before going long...
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**If these ideas are Helpful !
Please Like, Follow and Comment
Also share your thoughts in the comments section.
Thanks for your Support **
--Educational Purpose Only--
--Not SEBI Registered--
Please Like, Follow and Comment
Also share your thoughts in the comments section.
Thanks for your Support **
--Educational Purpose Only--
--Not SEBI Registered--
Related publications
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.