Nifty showing too much indecisiveness.
7 Dojis can be seen in last 15 trading sessions.
3 hammers indicate bulls are not tired even after a long run.
If recent Swing high and low are connected, we see today's close is at 78.6% Fib Level which is also 20 days SMA.
one can go long here with a stop loss of recent swing low 9560 with open targets
7 Dojis can be seen in last 15 trading sessions.
3 hammers indicate bulls are not tired even after a long run.
If recent Swing high and low are connected, we see today's close is at 78.6% Fib Level which is also 20 days SMA.
one can go long here with a stop loss of recent swing low 9560 with open targets
Comment:
Those who shorted yesterday around 9570, Carry on the position with SL9640
Comment:
There is no sign of major weakness.
Cover the shorts around CMP 9520 and wait for next breakout
Cover the shorts around CMP 9520 and wait for next breakout
Stop loss triggered in this trade.
Upon a bounce, traders may enter fresh shorts around 9570 with SL of 9640