Continuation of 4th wave decline in NIFTY as per my previous post on 20th JAN.
Price action reversal formation ongoing in NIFTY after tremendous recovery rally.
Major SR line broken @ 13777.50 on friday indicates more pain is ahead. Retest of The same level is pending till 3.15pm on monday(1/2/21).
short if NIFTY after confirming that and keeping strict stoploss of friday's high for a awesome RR of 1:3
T1,T2 Given
Price action reversal formation ongoing in NIFTY after tremendous recovery rally.
Major SR line broken @ 13777.50 on friday indicates more pain is ahead. Retest of The same level is pending till 3.15pm on monday(1/2/21).
short if NIFTY after confirming that and keeping strict stoploss of friday's high for a awesome RR of 1:3
T1,T2 Given
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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.