NIFTY seems to be on a good bull run from a few weeks.
If the candle closes below the blue line short it with the target in the green box & long if closes above the blue line
It is also forming a bearish channel & the blue line which is the resistance can make it move further down unless we see a sign of buyers
If the candle closes below the blue line short it with the target in the green box & long if closes above the blue line
It is also forming a bearish channel & the blue line which is the resistance can make it move further down unless we see a sign of buyers
Note
RSI has already formed 3 triple tops & now may move downward while on MACD the curve is turning down & the lighter candles on the macd suggest that the buyers are also decreasing.
Note
Target Done Guys!!!Trade closed: target reached
Done. New idea published aswell
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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.