- Since Oct18,Nifty is successfully defending the lower line of price channel existing since Nov2015
- Feb19 closed at verge of lower line of this price channel
- Since Nov18, all monthly candles are forming inbody of Oct18 candles
- This four months consolidation may not continue and we may see breakout in any direction in Mar19
- Bullish View: If 4hr candle closes above 10850, SL will be 10790
- Bearish View: If 4 Hr candle closed below 10750, SL will be 10860
- Feb19 closed at verge of lower line of this price channel
- Since Nov18, all monthly candles are forming inbody of Oct18 candles
- This four months consolidation may not continue and we may see breakout in any direction in Mar19
- Bullish View: If 4hr candle closes above 10850, SL will be 10790
- Bearish View: If 4 Hr candle closed below 10750, SL will be 10860
Trade active
Hold it with SL of 10790
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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.