Nifty 50 is facing resistence @ previous swing high and failed to make higher high. Instead it has formed a Double top pattern showing sign of weakness. Nifty is expected to go down where the previous swing low will be the next target.
Disclaimer: This analysis is purely for educational purpose. Do not trade based on this idea.
Disclaimer: This analysis is purely for educational purpose. Do not trade based on this idea.
Trade active:
Nifty again opened gap up but cannot sustain and close above the resistance and went bearish.