NIFTY--Bearish View(21300)??
NIFTY INDEX is at crucial zone to move further upside or downside...
Price is trading in a channel...
price broken the trendline grab the liquidity at 21600 levels.
on topside price again created a one more trendline, as of now this is the resistance which lies at 21930-21950 zones. If this trendline acts as resistance, more chances of fall below key level.
so if price comes to this levels wait for bearish turn...
If there is no bearishness price will continue towards strong resistance at ATH, by facing intermediate resistances at 22050.
After the liquidity grab On topside above trendline as well we have chance of fall back...so wait until price to break the key level.
check the bullish case-- we have Rally Base Rally.
Price is trading in a channel...
price broken the trendline grab the liquidity at 21600 levels.
on topside price again created a one more trendline, as of now this is the resistance which lies at 21930-21950 zones. If this trendline acts as resistance, more chances of fall below key level.
so if price comes to this levels wait for bearish turn...
If there is no bearishness price will continue towards strong resistance at ATH, by facing intermediate resistances at 22050.
After the liquidity grab On topside above trendline as well we have chance of fall back...so wait until price to break the key level.
check the bullish case-- we have Rally Base Rally.
Note
this is the time to look for bearish view....keep our view to bearish.if price breaks the ATH.. then will think of bullish view...until no bullish sign.
this is the place where manipulation comes into picture.
Note
Key level for nifty is 21950-22050
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Please Like, Follow and Comment
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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.
**If these ideas are Helpful !
Please Like, Follow and Comment
Also share your thoughts in the comments section.
Thanks for your Support **
--Educational Purpose Only--
--Not SEBI Registered--
Please Like, Follow and Comment
Also share your thoughts in the comments section.
Thanks for your Support **
--Educational Purpose Only--
--Not SEBI Registered--
Publications connexes
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.