Nifty - Doji on daily time frame
As from the last three days nifty hasn't given a trending move and was in a tight range.
On the other hand, it has made a doji candle on a daily time frame.
So for Monday, our view will be for both sides because it can give us a trending move either upside or downside.
So if nifty breaks the previous day's high (PDH) i.e 17875 level our view will be bullish and our target will be first 17900 and second 17970.
If it breaks the previous day's low (PDL) i.e 17800 level our view will be bearish and our targets will be 17780 and 17760 levels.
Note - I'm not sebi registered, this is only for educational purposes. Do your own analysis first.
On the other hand, it has made a doji candle on a daily time frame.
So for Monday, our view will be for both sides because it can give us a trending move either upside or downside.
So if nifty breaks the previous day's high (PDH) i.e 17875 level our view will be bullish and our target will be first 17900 and second 17970.
If it breaks the previous day's low (PDL) i.e 17800 level our view will be bearish and our targets will be 17780 and 17760 levels.
Note - I'm not sebi registered, this is only for educational purposes. Do your own analysis first.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.