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Wealthcam
20 de Nov. de 2021 18:53

NIFTY showing weakness in bigger time frame ..?? 

Nifty 50 IndexNSE

Descripción

NIFTY is finally showing weakness now and after being in UPTREND for so long, NIFTY can change its maintrend making it a downtrend, another confirmation being that it has formed more like HEAD AND SHOULDERS pattern and neckline being 17600-17580 in a bigger time frame, for quick scalpers one can short if last trading day's low is broken in NIFTY for the target till 17600 as 17600 will act as a strong support being a round level and the neckline for the pattern and as soon as the neckline is broken down we may expect a sharp fall of 1000 points in coming days

if 17600 is not broken below, only then we can see a reversal for its new high
Comentarios
PriSano
thats some precise and robust analysis kasuhal sir ;)
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