5358. Price and time correction are due for nifty
Either price as to come back to touch the moving average or
Price has to consolidation between 17500 to 16500 in next two months (time), So that 25 EMA line may reach to price.
Usually in parabolic move, price movement towards downside is evident as FII huge selling in last two months.
Price may reach the stability at 16500 to 15500 level, if consolidation happens or it will move down to get correction of another 15 to 23% in next two months.
SL compulsory
Price has to consolidation between 17500 to 16500 in next two months (time), So that 25 EMA line may reach to price.
Usually in parabolic move, price movement towards downside is evident as FII huge selling in last two months.
Price may reach the stability at 16500 to 15500 level, if consolidation happens or it will move down to get correction of another 15 to 23% in next two months.
SL compulsory
Trade closed: target reached
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.
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.