#NIFTYIT broke the triangle, however the up-thrust is so far failed one. Subsequent fall prints an evening star pattern. The momentum is not suggestive of strong up-move while the DX line is neutral at best. Move past 22000 is needed for bulls to re-capture. A break below 21000 bring bears into reckoning. Trade from short with stop 22115 (not able to suggest a lower one) for 21000 break.
TA Primer ping me on +971507107155 +918106170817 details @sribhashyam65 twitter handle
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TA Primer ping me on +971507107155 +918106170817 details @sribhashyam65 twitter handle
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.