Nifty opened gap down and bear stretch their arms and drag the nifty to low of the day that is 22503 which is around 1% and 234 points.
Nifty has formed red body big candle with upper shadows which indicates participants were selling from upper end.
A small part of candle is crossing 9 days Simple Moving Average Line on daily chart.
Nifty is at support level...
Index opens with gap and bulls stretch their arms for another day, and made days high that is 22193.
Index has formed green body shaven bottom candle on daily chart, which indicates todays open and low are same and buyers were buying from starting of the day.
Candle is above 9 days Moving Average line on daily chart. Index has broken the resistance of 22115...
Potential Opportunity as Swing Trade in NSE:HEROMOTOCO
If tomorrow price action form with green candle above previous green candle, then buy at top of the previous day & stoploss below to it.
Risk : Reward - 1:2
ENTRY @ 2832.00
TARGET # 1 @ 2930.00
TARGET # 2 @ 3015.00
STOP LOSS @ 2740.00
This is for Educational Purpose only, apply your prudence &...
