NIFTY
Nifty have formed a descending triangle pattern.
and today it opened above the upper resistance trendline and 18000 mark but it gets rejected and reversed sharply, a strong indication of a bearish move
if it breaks the 17800 support zone then a more bearish move is expected. as it has hunted short-term traders stop loss and moving into a narrow range.
as its a descending triangle the breakout should be on the downside.
INDIAVIX has also spiked up today indicating a fear in market.
Below 17750 is a good shorting opportunity.
I Hope you found this helpful.
Please like and comment.
Keep Learning,
Happy Trading!
Nifty have formed a descending triangle pattern.
and today it opened above the upper resistance trendline and 18000 mark but it gets rejected and reversed sharply, a strong indication of a bearish move
if it breaks the 17800 support zone then a more bearish move is expected. as it has hunted short-term traders stop loss and moving into a narrow range.
as its a descending triangle the breakout should be on the downside.
INDIAVIX has also spiked up today indicating a fear in market.
Below 17750 is a good shorting opportunity.
I Hope you found this helpful.
Please like and comment.
Keep Learning,
Happy Trading!
Komentarz:
Not triggered, the view got wrong market went up above 18k mark instead of breakdown lets see if the level sustained in the upcoming sessions.
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Most traders learn the stock market when their account reaches zero.
Course link :- rb.gy/rh8ywg
superprofile.bio/tradexculture
WHATSAPP :- 8966893932
TELEGRAM :- @Mrsanjay_p