Indice NIFTY 50
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Do hugging lines proficient to hold bulls of nifty?

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Nifty is forming a bearish engulfing pattern on the daily time frame chart, and the price also declined from the control line of the parallel channel.
If the price sustains below the previous trading session, we can see a bearish move for the following targets: 17008 - 16867 - 16760.

Previous chart:
Nifty outlook - Strong Recovery or Impending Decline

Selling Targets:
TP 1: done
TP 2: done
Trade fermée: cible de profit atteinte
Nifty reached the first target of 17008.
Note
Is Nifty About To Resume Bearish The Movement?

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