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pravinmangalam

NIFTY VIEW@1/NOV/2019

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Índice Nifty 50 (NSE:NIFTY)  
pravinmangalam  
NSE:NIFTY   Índice Nifty 50
Trend Analysis Technical Indicators Beyond Technical Analysis NIFTY niftytrend niftyanalysis niftyoutlook chartanalysis candlestickpattern marketstructure
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trendanalysis indicator beyondta nifty niftytrend niftyanalysis niftyoutlook chartanalysis candlestickpattern marketstructure
Today I was expecting a bullish move and it was but in last hour we saw selling pressure from 11946 level and my resistance level was 11926.
Now on the daily chart it has formed long upper shadow with little body.

@What next?

By looking at the daily candle of today, I am bit bearish because there is a resistance on weekly chart and 11926 is the weekly resistance.
so for tomorrow I am looking to short below 11856 and long above above 11877 for the todays high as first target.

Level- Short below- 11856 SL- 11877, TG 11800
Long Above- 11877 SL- 11856, TG 11926

Disclaimer- This is for education purpose.

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